File #: 21-0854    Version: 1 Name:
Type: City Resolution Status: Failed
File created: 11/10/2021 In control: *Rules & Legislation Committee
On agenda: Final action: 11/16/2021
Title: Subject: Coliseum Site ENA From: Vice Mayor Kaplan Recommendation: Adopt One Of The Following Two Options: 1) Resolution Authorizing The City Administrator, Or Designee, To Enter Into An Exclusive Negotiating Agreement (ENA) With The Stewart Property Group, LLC, Dave Stewart And Lonnie Murray, Or An Affiliated Entity, With A Term Of Eighteen (18) Months , With One Administrative Option To Extend For Six (6) Months, Subject To Payment Of A Non-Refundable ENA Fee Of $200,000 Per Year And Project Expense Payments For Actual City Costs Incurred, To Negotiate Potential Terms For The Acquisition And Development Of The City’s Share Of The Oakland Coliseum Complex, Consisting Of Various Parcels Bounded By San Leandro Street, 66th Avenue, Hegenberger Road And Interstate 880, Including Potential Terms For Purchase, Lease, And/Or Partnership;A Financial Plan; And Community Benefits; Or
Attachments: 1. View Report, 2. View Legislation, 3. View Supplemental Report - 11/12/2021
Related files: 21-0855

Title

Subject:                     Coliseum Site ENA

From:                                          Vice Mayor Kaplan

Recommendation: Adopt One Of The Following Two Options:

 

1) Resolution Authorizing The City Administrator, Or Designee, To Enter Into An Exclusive Negotiating Agreement (ENA) With The Stewart Property Group, LLC, Dave Stewart And Lonnie Murray, Or An Affiliated Entity, With A Term Of Eighteen (18) Months , With One Administrative Option To Extend For Six (6) Months, Subject To Payment Of A Non-Refundable ENA Fee Of $200,000 Per Year And Project Expense Payments For Actual City Costs Incurred, To Negotiate Potential Terms For The Acquisition And Development Of The City’s Share Of The Oakland Coliseum Complex, Consisting Of Various Parcels Bounded By San Leandro Street, 66th Avenue, Hegenberger Road And Interstate 880, Including Potential Terms For Purchase, Lease, And/Or Partnership;A Financial Plan; And Community Benefits; Or