City of Oakland - File #: 05-1013

• File #: 05-1013
• Version: 1
• Name: Prentiss Properties Webster, LP Disposition And Development Agreement
• Type: City Resolution
• Status: Passed
• File created: 12/14/2005
• In control: Concurrent Meeting of the Oakland Redevelopment Agency / City Council
• On agenda: 1/24/2006
• Final action: 2/7/2006
• Title: Subject: Prentiss Properties Webster, LP Disposition And Development Agreement From: Community And Economic Development Agency Recommendation: Adopt A Resolution, Pursuant To Section 11.2(E) Of The Disposition And Development Agreement ("DDA") Between The Oakland Redevelopment Agency And Prentiss Properties Webster, LP (The Current Owner Of 2100 Franklin Street, The Site Of The Former Bermuda Building), Approving The Transfer Of The Property And DDA To An Entity Created Out Of The Merger Of Prentiss Properties Trust And Brandywine Realty Trust To Form A New Parent For Prentiss Properties Webster, LP, And To Amend The DDA To Suspend And Extend The Agency's Repurchase Rights Under Certain Conditions During Construction On The Site
• Sponsors: Community & Economic Development Agency

Date	Ver.	Action By	Action	Result
2/7/2006	1	Concurrent Meeting of the Oakland Redevelopment Agency / City Council	Adopted	Pass
1/24/2006	1	*Special Concurrent Meeting of the Redevelopment Agency and Council Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
12/15/2005	1	*Rules & Legislation Committee	Scheduled

Title

Subject:      Prentiss Properties Webster, LP Disposition And Development Agreement

From:            Community And Economic Development Agency

Recommendation: Adopt A Resolution, Pursuant To Section 11.2(E) Of The Disposition And Development Agreement ("DDA") Between The Oakland Redevelopment Agency And Prentiss Properties Webster, LP (The Current Owner Of 2100 Franklin Street, The Site Of The Former Bermuda Building), Approving The Transfer Of The Property And DDA To An Entity Created Out Of The Merger Of Prentiss Properties Trust And Brandywine Realty Trust To Form A New Parent For Prentiss Properties Webster, LP, And To Amend The DDA To Suspend And Extend The Agency's Repurchase Rights Under Certain Conditions During Construction On The Site