City of Oakland - File #: 14-0013

• File #: 14-0013
• Version: 2
• Name: Sale Of Champion Street Site
• Type: Ordinance
• Status: Passed
• File created: 9/2/2014
• In control: Meeting of the Oakland City Council
• On agenda: 10/21/2014
• Final action: 10/21/2014
• Title: Subject: Sale Of Champion Street Site From: Economic Workforce Development Department Recommendation: Adopt An Ordinance Authorizing The City Administrator To: 1) Negotiate And Execute A Disposition And Development Agreement For The Sale Of 3455and 3461 Champion Street ("Properties") To Jack Stewart Or A / Legal Entity Affiliated With Jack Stewart And Approved By City Administrator For Development Of A Restaurant On The Following Terms: (1) Purchase Price Not Less Than Three Hundred Eighty Two Thousand Five Hundred Dollars ($382,500); (2) Credit To Buyer For Fuel Tank Removal Not To Exceed Ten Thousand Dollars ($10,000); (3) Reservation Of An Easement To The City For A Fiber Optics Hub And Related Uses; 2) Direct Two Hundred Thousand Dollars ($200,000) Of The Net Sales Proceeds Towards Funding The City's Asset Portfolio Management Plan; And 3) Allocate Seventy Five Thousand Dollars ($75,000) In Community V Development Block Grant (CDBG) Funds To Developer Exclusively For Facade A...

Date	Ver.	Action By	Action	Result
10/21/2014	2	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Approved for Final Passage
10/7/2014	2	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Continued
9/23/2014	1	Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council	Approved On Introduction and Scheduled for Final Passage	Pass
9/16/2014	1	*Special Finance & Management Committee	Approved the Recommendation of Staff, and Forward	Pass

Title

Subject:      Sale Of Champion Street Site      

From:            Economic Workforce Development Department

Recommendation:   Adopt An Ordinance Authorizing The City Administrator To: 1) Negotiate And Execute A Disposition And Development Agreement For The Sale Of 3455and 3461 Champion Street ("Properties") To Jack Stewart Or A / Legal Entity Affiliated With Jack Stewart And Approved By City Administrator For Development Of A Restaurant On The Following Terms: (1) Purchase Price Not Less Than Three Hundred Eighty Two Thousand Five Hundred Dollars ($382,500); (2) Credit To Buyer For Fuel Tank Removal Not To Exceed Ten Thousand Dollars ($10,000); (3) Reservation Of An Easement To The City For A Fiber Optics Hub And Related Uses; 2) Direct Two Hundred Thousand Dollars ($200,000) Of The Net Sales Proceeds Towards Funding The City's Asset Portfolio Management Plan; And 3) Allocate Seventy Five Thousand Dollars ($75,000) In Community V Development Block Grant (CDBG) Funds To Developer Exclusively For Facade And Exterior Improvements Of The Properties