4.10 16-0832 Subject: Sale Of Oakport Property To Oakland Acura At $5.2 Million From: Economic And Workforce Development Recommendation: Adopt An Ordinance Authorizing The City Administrator, Without Returning To The City Council, To Negotiate And Execute A Disposition And Development Agreement (DDA) And Related Documents Between The City Of Oakland And Oakland Acura ("Acura") (Or A Related Entity Or Affiliate) For The Sale Of The Oakport Property (APN 041-3902-021) At The Agreed Upon Sales Price Of $5.2 Million For The Development Of An Acura Dealership; On The March 21, 2017 City Council Agenda As A Public Hearing And March 28, 2017 Special City Council Agenda - City of Oakland

Meeting: *Rules & Legislation Committee on 2017-03-09 10:45 AM

Meeting Time: March 09, 2017 at 10:45am PST

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Agenda Item

4.10 16-0832 Subject: Sale Of Oakport Property To Oakland Acura At $5.2 Million From: Economic And Workforce Development Recommendation: Adopt An Ordinance Authorizing The City Administrator, Without Returning To The City Council, To Negotiate And Execute A Disposition And Development Agreement (DDA) And Related Documents Between The City Of Oakland And Oakland Acura ("Acura") (Or A Related Entity Or Affiliate) For The Sale Of The Oakport Property (APN 041-3902-021) At The Agreed Upon Sales Price Of $5.2 Million For The Development Of An Acura Dealership; On The March 21, 2017 City Council Agenda As A Public Hearing And March 28, 2017 Special City Council Agenda