File #: 06-0409    Version: Name: Real Estate Exchange Agreement - Project 5110 LLC
Type: City Resolution Status: Passed
File created: 5/10/2006 In control: Concurrent Meeting of the Oakland Redevelopment Agency / City Council
On agenda: 6/20/2006 Final action: 6/20/2006
Title: Subject: Real Estate Exchange Agreement - Project 5110 LLC From: Community and Economic Development Agency Recommendation: Approve The Final Passage (Second Reading) Of An Ordinance Amending Ordinance No. 12698 C.M.S. To Authorize The City Administrator To 1) Negotiate And Execute A Real Estate Exchange Agreement With Project 5110 LLC To Exchange 4,636 Square Feet Of City-Owned Surplus Properties At 51st Street And Telegraph Avenue For 3,114 Square Feet Of Property On An Adjacent Lot Owned By Project 5110 LLC, Plus Cash For The Market Value Of Approximately 1,522 Square Feet Of Property, And Take All Other Actions Necessary To Effectuate The Exchange; 2) Negotiate And Execute An Agreement Designating A Public Walkway/Greenbelt Area On The Tentative Parcel Map 9074 For A Public Walkway; And 3) Negotiate And Execute A Maintenance Agreement For On-Going Maintenance Of The Walkway By Project 5110 LLC Or The Condominium Homeowners Association Or Designee
Sponsors: Community & Economic Development Agency
Attachments: 1. View Report.pdf, 2. 12751 CMS.pdf
Title
Subject:      Real Estate Exchange Agreement - Project 5110 LLC
From:            Community and Economic Development Agency
Recommendation: Approve The Final Passage (Second Reading) Of An Ordinance Amending Ordinance No. 12698 C.M.S. To Authorize The City Administrator To 1) Negotiate And Execute A Real Estate Exchange Agreement With Project 5110 LLC To Exchange 4,636 Square Feet Of City-Owned Surplus Properties At 51st Street And Telegraph Avenue For 3,114 Square Feet Of Property On An Adjacent Lot Owned By Project 5110 LLC, Plus Cash For The Market Value Of Approximately 1,522 Square Feet Of Property, And Take All Other Actions Necessary To Effectuate The Exchange; 2) Negotiate And Execute An Agreement Designating A Public Walkway/Greenbelt Area On The Tentative Parcel Map 9074 For A Public Walkway; And 3) Negotiate And Execute A Maintenance Agreement For On-Going Maintenance Of The Walkway By Project 5110 LLC Or The Condominium Homeowners Association Or Designee