City of Oakland - File #: 14-0867

• File #: 14-0867
• Version: 1
• Name: LDDA And New Market Tax Credits For Foothill And Seminary Project
• Type: Ordinance
• Status: Passed
• File created: 4/22/2015
• In control: Meeting of the Oakland City Council
• On agenda: 6/2/2015
• Final action: 6/2/2015
• Title: Subject: LDDA And New Market Tax Credits For Foothill And Seminary Project From: Economic & Workforce Development Department Recommendation: Adopt An Ordinance Amending Ordinance No. 13114 C.M.S., Authorizing The Disposition Of Property At Foothill Boulevard And Seminary Avenue To Sunfield Development, LLC, For Development As A Retail Center, To Change The Disposition From A Sale To A Long-Term Ground Lease With An Option To Purchase, And To Rescind The Allocation Of $150,000 For A Developer Remediation Allowance And Allocate $75,000 To City Remediation Costs
• Sponsors: Economic & Workforce Development Department

Date	Ver.	Action By	Action	Result
6/2/2015	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Approved for Final Passage	Pass
5/19/2015	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Approved On Introduction and Scheduled for Final Passage	Pass
5/12/2015	1	*Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
4/23/2015	1	*Rules & Legislation Committee	Scheduled

Title

Subject:      LDDA And New Market Tax Credits For Foothill And Seminary Project

From:            Economic & Workforce Development Department

Recommendation:  Adopt An Ordinance Amending Ordinance No. 13114 C.M.S., Authorizing The Disposition Of Property At Foothill Boulevard And Seminary Avenue To Sunfield Development, LLC, For Development As A Retail Center, To Change The Disposition From A Sale To A Long-Term Ground Lease With An Option To Purchase, And To Rescind The Allocation Of $150,000 For A Developer Remediation Allowance And Allocate $75,000 To City Remediation Costs