City of Oakland - File #: 13-0279

• File #: 13-0279
• Version: 1
• Name: Amendment To Lease With EOYDC QALICB
• Type: Ordinance
• Status: Passed
• File created: 1/8/2014
• In control: Meeting of the Oakland City Council
• On agenda: 2/4/2014
• Final action: 2/4/2014
• Title: Subject: Amendment To Lease With EOYDC QALICB From: Office Of The City Administrator Recommendation: Adopt A First Amendment To Ordinance No. C.M.S. 13187, Which Authorized City Administrator To Enter Into A 66 Year Lease For $1.00 Per Year With East Oakland Youth Development Center Qualified Active Low Income Community Business, Inc., A California Nonprofit Public Benefit Corporation (EOYDC QALICB), To Further Authorize: (1) An Increase Of Security In Such Leasehold Interest From $7 Million To Up To $10 Million, And (2) Inclusion In The New 66-Year Lease Of An Option To Purchase The Property

Date	Ver.	Action By	Action	Result
2/4/2014	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Approved for Final Passage	Pass
1/21/2014	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Approved On Introduction and Scheduled for Final Passage	Pass
1/9/2014	1	*Rules & Legislation Committee	Scheduled

Title

Subject:      Amendment To Lease With EOYDC QALICB

From:            Office Of The City Administrator

Recommendation:   Adopt A First Amendment To Ordinance No. C.M.S. 13187, Which Authorized City Administrator To Enter Into A 66 Year Lease For $1.00 Per Year With East Oakland Youth Development Center Qualified Active Low Income Community Business, Inc., A California Nonprofit Public Benefit Corporation (EOYDC QALICB), To Further Authorize: (1) An Increase Of Security In Such Leasehold Interest From $7 Million To Up To $10 Million, And (2) Inclusion In The New 66-Year Lease Of An Option To Purchase The Property