City of Oakland - File #: 15-0049

• File #: 15-0049
• Version: 2
• Name: T5/6 DDA Public Hearing
• Type: Ordinance
• Status: Passed
• File created: 9/2/2015
• In control: Meeting of the Oakland City Council
• On agenda: 9/22/2015
• Final action: 9/21/2015
• Title: Subject: T5/6 DDA Public Hearing From: Economic Workforce Development Department Recommendation: Adopt 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, 12th 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 $1,000,000 From Land Sales Proceeds For Remediation Of Property
• Sponsors: Economic & Workforce Development Department
• Related files: 14-1158, 15-0048

Date	Ver.	Action By	Action	Result
9/21/2015	2	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Approved for Final Passage	Pass
9/17/2015	2	*Rules & Legislation Committee	Scheduled
9/8/2015	1	Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council	Approved As Amended On Introduction and Scheduled for Final Passage	Pass

Title

Subject:                     T5/6 DDA Public Hearing

From:                                          Economic Workforce Development Department

Recommendation: Adopt 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, 12th 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 $1,000,000 From Land Sales Proceeds For Remediation Of Property