Agenda - Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council

PUBLIC PARTICIPATION

The Public May Observe And/Or Participate In This Meeting In Many Ways.

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PUBLIC COMMENT WILL BE TAKEN ON EACH ACTION ITEM. ALL MEMBERS OF THE

PUBLIC WISHING TO SPEAK MUST FILL OUT A SPEAKER CARD FOR EACH ITEM.

SPEAKERS' CARDS MUST BE RECEIVED BY THE CITY CLERK BEFORE THE ITEM IS READ

INTO THE RECORD. COMMENTS ON ITEMS NOT ON THE AGENDA WILL BE TAKEN DURING

OPEN FORUM AT THE END OF THE MEETING.

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If you have any questions, please email the Agenda Management Unit at

cityclerk@oaklandca.gov

Agenda Management Unit at cityclerk@oaklandca.gov

- Office of the City Clerk

DEFINITION OF TERMS:

• Action Item: shall mean any resolution, ordinance, public hearing, motion or

recommendation requiring official vote and approval of the City Council to be effective.

• Informational Item: shall mean an agenda item consisting only of an informational

report that does not require or permit Council action.

• Consent Item shall mean, for the purposes of the City Council agenda: 1) approval of

Council minutes, and 2) any action or informational item placed on a Council agenda for

a Regular Meeting or Special Meeting (i) as a Consent Item by the Rules and Legislation

Committee, (ii) pursuant to Rule 28, or (iii) that a Standing Committee has forwarded to

the full Council with unanimous recommendation for approval by the members who are

present: Consent Item shall not include: 1) any item having a high level of public

interest or controversy as determined by the Standing Committee Chair, or the Rules

and Legislation Committee, or pursuant to Rule 28; 2) any item that requires a public

hearing or that otherwise is ineligible by law as a Consent Item.

• Non-Consent Item shall mean, for the purposes of a City Council agenda for a Regular

Meeting or Special Meeting, any action or informational item that: 1) a Standing

Committee has forwarded to the full Council without unanimous recommendation for

approval; 2) has a high level of public interest or controversy as determined by a

Standing Committee Chair, the Rules and Legislation Committee, or pursuant to Rule

28; or 3) requires a public hearing or is otherwise ineligible by law as a Consent Item.

ROLL CALL / CITY COUNCIL

COUNCILMEMBERS: Councilmember Rowena Brown, At Large; Councilmember Carroll

Fife, District 3; President Pro Tempore Noel Gallo, District 5; Councilmember Ken

Houston, District 7; Councilmember Janani Ramachandran, District 4; Councilmember

Zac Unger, District 1; Councilmember Charlene Wang, District 2; Council President

Kevin Jenkins, District 6

Call To Order

Modifications To The Agenda And Procedural Items, Including But Not Limited To

Requests To: Reschedule Items From Consent To Non-Consent, Items To The Next

Council Agenda, Speak On Consent Calendar, Register Votes, Change Order Of Items,

Reconsiderations, Pull Items Held In Committee

Subject: Second Amendment To Coliseum Complex Sale Agreement

From: Economic And Workforce Development Department And Finance Department

Recommendation: Adopt An Ordinance (1) Authorizing The City Administrator To Amend

The Purchase And Sale Agreement Of The City Of Oakland’s Undivided 50% Interest In

The Coliseum Complex Located At 7000 Coliseum Way, Oakland, California, To Allow

The Simultaneous Sale Of The Arena Parcel For The Lump Sum Payment Of $50 Million

And The Stadium Parcel For $60 Million With Seller Financing From The City, Crediting

The $5 Million Deposit Held By The City Prior To The Sale;

(2) Authorizing The City Administrator To Negotiate And Execute An Agreement Pursuant

Which The Buyers Agree To Pay To The City 6% Of The Annual Gross Ticket Sales For

Any Event At The Arena Parcel And The Stadium Parcel Less Applicable Taxes;

(3) Amending Ordinance No. 13801 C.M.S. Conditioning The Sale To Require

Development Of On-Site, Affordable Housing And Other Benefits To Solely The Sale Of

The City’s Interest In The Stadium Parcel;

(4) Authorizing The City Administrator To Facilitate Closing Prior To December 31, 2026

By Redirecting To The Buyer Of The Stadium Parcel A Portion Of The Pro Rata Share Of

The City’s Annual Subsidy Of The Stadium Parcel Based On A Per Day Amount Of

$16,438.36 Limited To The Period Between The Stadium Parcel Closing And December

31, 2026; And

(5) Adopting California Environmental Quality Act Findings

26-0905

Sponsors:

Economic & Workforce Development Department and Finance Department

Attachments:

View Report And Attachment A

View Legislation

Legislative History

7/9/26

*Rules & Legislation

Committee

Scheduled to the Special Concurrent

Meeting of the Oakland Redevelopment

Successor Agency/City Council

A Title Change Was Read Into Record

The Finance Department Was Added As An Author

Pursuant To Rule 24, A Statement Was Made On Record As To The Item

Bypassing Committee

Council Acknowledgments/Annoucements

OPEN FORUM / PUBLIC COMMENTS

ADJOURNMENT

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CITY CLERK, 1 FRANK H. OGAWA PLAZA, 1ST AND 2ND FLOOR, OAKLAND, CA 94612 FROM

8:30 A.M. TO 5:00 P.M.