Share to Facebook Share to Twitter Bookmark and Share
File #: 18-1179    Version: 1 Name:
Type: Ordinance Status: Failed
File created: 11/28/2018 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 1/15/2019 Final action: 1/17/2019
Title: Subject: 12th Street Remainder DDA Amendment From: Economic And Workforce Development Department Recommendation Adopt An Ordinance To Amend Ordinance 13382 C.M.S. To Authorize A First Amendment To The Disposition And Development Agreement Between The City Of Oakland And The Development Team Composed Of Lakehouse Commons, LLC And Lakehouse Commons Affordable Housing, LP To (1) Extend The Closing Date And Related Outstanding Performance Benchmarks And (2) Increase City Seller Financing To Include Fifty Percent Of The Land Sales Price Attributable To The Market Rate Project
Attachments: 1. View Report, 2. 13514 CMS

Title

Subject:                      12th Street Remainder DDA Amendment

From:                                           Economic And Workforce Development Department

Recommendation Adopt An Ordinance To Amend Ordinance 13382 C.M.S. To Authorize A First Amendment To The Disposition And Development Agreement Between The City Of Oakland And The Development Team Composed Of Lakehouse Commons, LLC And Lakehouse Commons Affordable Housing, LP To (1) Extend The Closing Date And Related Outstanding Performance Benchmarks And (2) Increase City Seller Financing To Include Fifty Percent Of The Land Sales Price Attributable To The Market Rate Project