File #: 09-0406-2    Version: 1 Name:
Type: City Resolution Status: Withdrawn
File created: 5/5/2009 In control: *Community & Economic Development Committee
On agenda: 9/22/2009 Final action: 9/17/2009
Title: 3) An Agency Resolution Authorizing The Agency To Enter Into A Thirteenth Amendment To The Disposition And Development Agreement With Oakland T12 LLC, Regarding The City Center Project To (1) Extend The Date To Complete An Office Development On Block T-12 Of The City Center Project By 36 Months Changing It From April 12, 2012 To April 12, 2015, With Two Additional Extension Options Of 12 Months Each And (2) Accept Payment Of $300,000 From Oakland T12 LLC To The Agency For The Initial Extension, And Payments Of $200,000 And $300,000, Respectively, For Each Additional 12-Month Option To Extend To Complete The Office Development; With No New Date Reason: Agreements Are Under Negotiation And Are Not Yet Ready For Council Action; Staff May Also Seek Closed Session Discussion Of Real Estate Terms Prior To Rescheduling This Item
Title
3) An Agency Resolution Authorizing The Agency To Enter Into A Thirteenth Amendment To The Disposition And Development Agreement With Oakland T12 LLC, Regarding The City Center Project To (1) Extend The Date To Complete An Office Development On Block T-12 Of The City Center Project By 36 Months Changing It From April 12, 2012 To April 12, 2015, With Two Additional Extension Options Of 12 Months Each And (2) Accept Payment Of $300,000 From Oakland T12 LLC To The Agency For The Initial Extension, And Payments Of $200,000 And $300,000, Respectively, For Each Additional 12-Month Option To Extend To Complete The Office Development; With No New Date
 
Reason: Agreements Are Under Negotiation And Are Not Yet Ready For Council Action; Staff May Also Seek Closed Session Discussion Of Real Estate Terms Prior To Rescheduling This Item