4.10 15-0406 Subject: DDA For 2330 Webster Street & 2315 Valdez Street From: Economic & Workforce Development Department Recommendation: Adopt An Ordinance Authorizing 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 TDP Webster, LLC Or A Related Entity ("Developer" Or "TDP") That Provide For The Following: 1) The Sale Of Two Contiguous City-Owned Parcels Located At 2330 Webster Street And 2315 Valdez Street To Developer For Their Combined Appraised Market Value Of $9,450,000; 2) The Developer's Construction On The Property Of A Residential Mixed-Use Project, Including Ground Floor Retail Space And A Public Parking Garage; 3) The City's Purchase From The Developer Of The Public Parking Garage For A Cost Not To Exceed $13,468,780; 4) Negotiation And Execution Of Agreements Providing For Easements And Entry Rights And Other Matters Required For The Operation And Maintenance Of The Public Parking Garage; And 5) Negotiation And Execution Of Amendments To Existing Parking License Agreements With Third Parties to Facilitate Development of the Project; On The December 15, 2015 Community & Economic Development Committee Agenda And As A Public Hearing On January 5, 2016