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Agenda Item

9.1 16-0832 Subject: Sale Of Oakport Property To Oakland Acura At $5.2 Million From: Economic And Workforce Development Recommendation: Conduct A Public Hearing And Upon Conclusion Adopt An Ordinance Authorizing The City Administrator Or Designee, Without Returning To The City Council, To Negotiate And Execute A Disposition And Development Agreement And Related Documents Between The City Of Oakland And Oakland Acura, Or A Related Entity 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 And Adopting CEQA Exemption Findings