File #: 24-0052    Version: Name:
Type: Ordinance Status: Passed
File created: 1/24/2024 In control: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council
On agenda: 3/6/2024 Final action: 3/6/2024
Title: 2) An Ordinance Authorizing The City Administrator To Negotiate And Execute (A) A Lease Disposition And Development Agreement Between The City And Liberation Park Residences, L.P., Or Its Affiliates, For Development Of 119 Units Of Affordable Housing On A Portion Of The Property Located At 73rd Avenue And Foothill Boulevard (“Parcel 2”), With A Term Of Two And One-Half Years With Two One-Year Administrative Extension Options, (B) A 99-Year Ground Lease, And (C) A 55-Year Capitalized Loan In The Amount Equal To $1,505,004; And Adopting California Environmental Quality Act Findings; And
Sponsors: Economic & Workforce Development Department
Attachments: 1. View Report, 2. View Attachment A, 3. View Attachment B, 4. View Attachment C, 5. View Attachment D, 6. View Legislation, 7. NOTICE AND DIGEST, 8. 13784 C.M.S.
Related files: 24-0051, 24-0053

Title

2) An Ordinance Authorizing The City Administrator To Negotiate And Execute (A) A Lease Disposition And Development Agreement Between The City And Liberation Park Residences, L.P., Or Its Affiliates, For Development Of 119 Units Of Affordable Housing On A Portion Of The Property Located At 73rd Avenue And Foothill Boulevard (“Parcel 2”), With A Term Of Two And One-Half Years With Two One-Year Administrative Extension Options, (B) A 99-Year Ground Lease, And (C) A 55-Year Capitalized Loan In The Amount Equal To $1,505,004; And Adopting California Environmental Quality Act Findings; And