File #: 22-0060    Version: Name:
Type: Ordinance Status: Failed
File created: 2/1/2022 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 3/15/2022 Final action:
Title: Subject: 12th Street Remainder Sixth DDA Amendment From: Economic And Workforce Development Department Recommendation: Adopt An Ordinance Authorizing A Sixth Amendment To The Disposition And Development Agreement Between The City Of Oakland And Lakehouse Commons, LLC, And Lakehouse Commons Affordable Housing, LP, To (1) Extend The Outside Date (Retroactively, If Necessary) And Related Performance Deadlines, In Exchange For Monthly Payments Of An Additional Deposit Of $15,000 And An Extension Fee Of $15,000, (2) Require Reappraisal Of The Property And Update Of The Purchase Price, And (3) Adopt California Environmental Quality Act Findings
Attachments: 1. View Report, 2. View Legislation, 3. View Council President Fortunato Bas Memo - 2/24/2022

Title

Subject:                     12th Street Remainder Sixth DDA Amendment

From:                                          Economic And Workforce Development Department

Recommendation: Adopt An Ordinance Authorizing A Sixth Amendment To The Disposition And Development Agreement Between The City Of Oakland And Lakehouse Commons, LLC, And Lakehouse Commons Affordable Housing, LP, To (1) Extend The Outside Date (Retroactively, If Necessary) And Related Performance Deadlines, In Exchange For Monthly Payments Of An Additional Deposit Of $15,000 And An Extension Fee Of $15,000, (2) Require Reappraisal Of The Property And Update Of The Purchase Price, And (3) Adopt California Environmental Quality Act Findings