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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
Attachments: 1. View Report.pdf, 2. 13312 CMS.pdf, 3. 13312 CMS Proof Of Publication.pdf
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