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File #: 18-1957    Version: Name:
Type: Ordinance Status: Passed
File created: 6/5/2019 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 7/16/2019 Final action: 7/16/2019
Title: Subject: Henry J. Kaiser Convention Center - Lease Disposition And Development Agreement From: Economic And Workforce Development Department Recommendation: Adopt An Ordinance Authorizing: (A) The City Administrator To Negotiate And Execute A Lease Disposition And Development Agreement, Up To Ninety-Nine Year Lease, And Related Documents Between The City Of Oakland And Oakland Civic, LLC, Or Its Affiliate (“Oakland Civic”) For The Henry J. Kaiser Convention Center Located At 10 Tenth Street; (B) Establishment Of An Annual Fund To Be Funded By Tenant From Annual Net Project Income For Use By A To-Be-Formed Nonprofit Calvin Simmons Theatre Operator (“Theatre Nonprofit”) To Provide Grants Related To Use Of The Calvin Simmons Theatre; (C) A Grant Up To $100,000 For Subsurface Hazardous Materials Remediation To Oakland Civic, LLC; And (D) A Grant Of $3,000,000 To The Theatre Nonprofit For Theatre Rehabilitation Costs
Attachments: 1. View Report, 2. View Supplemental Report - Bas 7/12/2019, 3. 13556 CMS

Title

Subject:                       Henry J. Kaiser Convention Center - Lease Disposition And Development Agreement  

From:                                           Economic And Workforce Development Department

Recommendation: Adopt An Ordinance Authorizing: (A) The City Administrator To Negotiate And Execute A Lease Disposition And Development Agreement, Up To Ninety-Nine Year Lease, And Related Documents Between The City Of Oakland And Oakland Civic, LLC, Or Its Affiliate (“Oakland Civic”) For The Henry J. Kaiser Convention Center Located At 10 Tenth Street; (B) Establishment Of An Annual Fund To Be Funded By Tenant From Annual Net Project Income For Use By A To-Be-Formed Nonprofit Calvin Simmons Theatre Operator (“Theatre Nonprofit”) To Provide Grants Related To Use Of The Calvin Simmons Theatre; (C) A Grant Up To $100,000 For Subsurface Hazardous Materials Remediation To Oakland Civic, LLC; And (D) A Grant Of $3,000,000 To The Theatre Nonprofit For Theatre Rehabilitation Costs