16 14-0662 Subject: DDA For 12th Street Remainder Parcel
From: Economic & Workforce Development Department
Recommendation: Adopt An Ordinance Authorizing: (1) The City Administrator, Without Returning To The City Council, To Negotiate And Execute A Disposition And Development Agreement And Related Documents Between The City Of Oakland, And A Development Entity Comprised Of Urbancore Development, LLC, And UDR, Inc., (Or Its Related Entities Or Affiliates) For Sale Of The 12th Street Remainder Parcel Located At E12th Street And 2nd Avenue For No Less Than $5.1 Million And Development As A Residential Mixed-Use Project, All Of The Foregoing Documents To Be In A Form And Content Substantially In Conformance With The Term Sheet Attached As Exhibit A; (2) Set -Aside Of No More Than $500,000 From Land Sales Proceeds For Remediation Of Property, And (3) Appropriation Of $200,000 From Land Sales Proceeds To Fund An Asset Portfolio Management Plan
Don't sell out Oakland - Public land for public good. This deal not only fails to meet state law (California Surplus Lands Act), it's morally bankrupt. Re-open the RFP for E 12th, engage our community, and make this project 100%, low-income housing. Our community deserve no less! It can be done: public land should be used for public good, not back room deals with out-of-state investment firms and unethical developers. There is little truth to the hollow arguments claiming that market-rate housing will help solve our housing affordability crisis. Long-time residents are being pushed out of Oakland every day because of skyrocketing housing costs. The city’s number one priority right now should be figuring out how to make it possible for working families to stay in Oakland - not developing luxury high rises for the rich that are just going to raise rents and exacerbate displacement. Will you prioritize the people that make up Oakland communities, or simply a fortunate few?
I would like for the contract to be reopened and allow for affordable housing devleopers to apply. I am not confident that council followed the law on this. Even if there were not enough interest when the the RDA opened years ago..there is obviously interest now. With the increase in rents, it is imperative that Council makes it a top priority that Oakland is an affordable community to all residents.
Don't sell out Oakland - Public land for public good. This deal not only fails to meet state law (California Surplus Lands Act), it's morally bankrupt. Re-open the RFP for E 12th, engage our community, and make this project 100%, low-income housing. Our community deserve no less! It can be done: public land should be used for public good, not back room deals with out-of-state investment firms and unethical developers. There is little truth to the hollow arguments claiming that market-rate housing will help solve our housing affordability crisis. Long-time residents are being pushed out of Oakland every day because of skyrocketing housing costs. The city’s number one priority right now should be figuring out how to make it possible for working families to stay in Oakland - not developing luxury high rises for the rich that are just going to raise rents and exacerbate displacement. Will you prioritize the people that make up Oakland communities, or simply a fortunate few?
I would like for the contract to be reopened and allow for affordable housing devleopers to apply. I am not confident that council followed the law on this. Even if there were not enough interest when the the RDA opened years ago..there is obviously interest now. With the increase in rents, it is imperative that Council makes it a top priority that Oakland is an affordable community to all residents.