3.12 24-0051 Subject: LDDA, Lease, DDA And License Agreement For City-Owned Property At 73rd & Foothill From: Economic & Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) An Ordinance: A. Authorizing The City Administrator To Negotiate And Execute A Disposition And Development Agreement Between The City Of Oakland ("City") And Liberation Park Market Hall, Or Its Affiliates, For The Sale Of A Portion Of The City-Owned Property Located At 73rd Avenue And Foothill Boulevard ("Parcel 1") And Development Of A Mixed-Use Market Hall And Cultural Center On Parcel 1, For The Appraised $994,996 Fair Market Value, With A Term Of Two And One-Half Years With Two One-Year Administrative Extension Options; B. Adopting California Environmental Quality Act (CEQA) Findings - City of Oakland

Meeting: *Rules & Legislation Committee on 2024-01-25 10:30 AM

Meeting Time: January 25, 2024 at 10:30am PST

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Agenda Item

3.12 24-0051 Subject: LDDA, Lease, DDA And License Agreement For City-Owned Property At 73rd & Foothill From: Economic & Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) An Ordinance: A. Authorizing The City Administrator To Negotiate And Execute A Disposition And Development Agreement Between The City Of Oakland ("City") And Liberation Park Market Hall, Or Its Affiliates, For The Sale Of A Portion Of The City-Owned Property Located At 73rd Avenue And Foothill Boulevard ("Parcel 1") And Development Of A Mixed-Use Market Hall And Cultural Center On Parcel 1, For The Appraised $994,996 Fair Market Value, With A Term Of Two And One-Half Years With Two One-Year Administrative Extension Options; B. Adopting California Environmental Quality Act (CEQA) Findings