5 14-0867 Subject: LDDA And New Market Tax Credits For Foothill And Seminary Project From: Economic & Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) An An Ordinance Amending Ordinance No. 13114 C.M.S., Authorizing The Disposition Of Property At Foothill Boulevard And Seminary Avenue To Sunfield Development, LLC, For Development As A Retail Center, To Change The Disposition From A Sale To A Long-Term Ground Lease With An Option To Purchase, And To Rescind The Allocation Of $150,000 For A Developer Remediation Allowance And Allocate $75,000 To City Remediation Costs ; And - City of Oakland

Meeting: *Community & Economic Development Committee on 2015-05-12 1:30 PM

Meeting Time: May 12, 2015 at 1:30pm PDT

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Agenda Item

5 14-0867 Subject: LDDA And New Market Tax Credits For Foothill And Seminary Project From: Economic & Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) An An Ordinance Amending Ordinance No. 13114 C.M.S., Authorizing The Disposition Of Property At Foothill Boulevard And Seminary Avenue To Sunfield Development, LLC, For Development As A Retail Center, To Change The Disposition From A Sale To A Long-Term Ground Lease With An Option To Purchase, And To Rescind The Allocation Of $150,000 For A Developer Remediation Allowance And Allocate $75,000 To City Remediation Costs ; And

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