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File #: 15-0048    Version: 1 Name: T5/6 DDA Public Hearing
Type: Ordinance Status: Failed
File created: 9/2/2015 In control: Concurrent Meeting of the Oakland Redevelopment Successor Agency and Finance and Management Committee
On agenda: Final action: 9/8/2015
Title: Subject: T5/6 DDA Public Hearing From: Economic Workforce Development Department Recommendation: Adopt One Of The Following Pieces Of Legislation: 1) An Ordinance Authorizing: (1) The City Administrator, Without Returning To The City Council, To Negotiate And Execute A Disposition And Development Agreement And Related Documents Between The City Of Oakland, And Strada T5 LLC (Or A Related Entity Or Affiliate) For Sale Of The City Center T-5/6 Parcels Located On The Block Bounded By Broadway, 11th Street, I2th Street And Clay Street For No Less Than $6.45 Million And Development As A Residential Mixed-Use Project And A Hotel Mixed-Use Project, All Of The Foregoing Documents To Be In A Form And Content Substantially In Conformance With The Term Sheet Attached As Exhibit A; And (2) Set-Aside Of No More Than $500,000 From Land Sales Proceeds For Remediation Of Property; Or Alternatively
Sponsors: Economic & Workforce Development Department
Attachments: 1. View Report.pdf
Related files: 14-1158, 15-0049

Title

Subject:                     T5/6 DDA Public Hearing                     

From:                                          Economic Workforce Development Department

Recommendation: Adopt One Of The Following Pieces Of Legislation:

 

1)  An Ordinance Authorizing: (1) The City Administrator, Without Returning To The City Council, To Negotiate And Execute A Disposition And Development Agreement And Related Documents Between The City Of Oakland, And Strada T5 LLC (Or A Related Entity Or Affiliate) For Sale Of The City Center T-5/6 Parcels Located On The Block Bounded By Broadway, 11th Street, I2th Street And Clay Street For No Less Than $6.45 Million And Development As A Residential Mixed-Use Project And A Hotel Mixed-Use Project, All Of The Foregoing Documents To Be In A Form And Content Substantially In Conformance With The Term Sheet Attached As Exhibit A; And (2) Set-Aside Of No More Than $500,000 From Land Sales Proceeds For Remediation Of Property; Or Alternatively