7.5 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
East Bay Express has made it public that the City Attorney reported to council that the sale was in violation of the Surplus Land Act. Someone has legal grounds to start a lawsuit with the city. This is not good governance. Please consider reopening the RFP for the 12th Street Remainder Parcel.
East Bay Express has made it public that the City Attorney reported to council that the sale was in violation of the Surplus Land Act. Someone has legal grounds to start a lawsuit with the city. This is not good governance. Please consider reopening the RFP for the 12th Street Remainder Parcel.
The RFP should be reopened to include affordable housing developers