City of Oakland - File #: 26-0762

• File #: 26-0762
• Version: 1
• Type: City Resolution
• Status: In Committee
• File created: 5/27/2026
• In control: *Community & Economic Development Committee
• On agenda: 6/23/2026
• Title: Subject: Costco Exclusive Negotiation Agreement From: Economic And Workforce Development Department Recommendation: Adopt A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Exclusive Negotiation Agreement With Costco Wholesale Corporation For Development Of A Costco Store On City Property Located At 101 Admiral Robert Toney Way And 2308 Wake Avenue For A 24 Month Term, Conditioned On A $300,000 Exclusive Negotiation Payment, With Two Additional Six-Month Administrative Extensions, Each Conditioned On Payment Of An Additional $25,000; And (2) Waiving Competitive Bidding Under Oakland Municipal Code Chapter 2.42; And (3) Adopting California Environmental Quality Act Findings
• Sponsors: Economic & Workforce Development Department, Carroll Fife, Office Of The Mayor

Date	Ver.	Action By	Action	Result
6/4/2026	1	*Rules & Legislation Committee

Title

Subject:                      Costco Exclusive Negotiation Agreement

From:                                           Economic And Workforce Development Department

Recommendation: Adopt A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Exclusive Negotiation Agreement With Costco Wholesale Corporation For Development Of A Costco Store On City Property Located At 101 Admiral Robert Toney Way And 2308 Wake Avenue For A 24 Month Term, Conditioned On A $300,000 Exclusive Negotiation Payment, With Two Additional Six-Month Administrative Extensions, Each Conditioned On Payment Of An Additional $25,000; And (2) Waiving Competitive Bidding Under Oakland Municipal Code Chapter 2.42; And (3) Adopting California Environmental Quality Act Findings