Meeting Time: February 01, 2024 at 10:30am PST
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Agenda Item

24-0052 [NEW TITLE] 2) An Ordinance Authorizing The City Administrator To Negotiate And Execute (A) A Lease Disposition And Development Agreement Between The City Of Oakland And Liberation Park Residences, L.P., Or Its Affiliates, For Development Of 119 Units Of Affordable Housing On A Portion Of The Property Located At 73rd Avenue And Foothill Boulevard (Parcel 2), With A Term Of Two And One-Half Years With Two One-Year Administrative Extension Options, (B) A 99-Year Ground Lease, And (C) A 55-Year Capitalized Loan In The Amount Equal To $1,505,004; And Adopting California Environmental Quality Act Findings; And [OLD TITLE] 2) An Ordinance: A. Authorizing The City Administrator To Negotiate And Execute A Lease Disposition And Development Agreement Between The City And Liberation Park Residences, L.P. ("Residential Developer"), Or Its Affiliates, For Development Of 119 Units Of Affordable Housing On A Portion Of The City-Owned Property Located At 73rd Avenue And Foothill Boulevard ("Parcel 2"), With A Term Of Two And One-Half Years With Two One-Year Administrative Extension Options; B. Authorizing The City Administrator To Negotiate And Execute A 99-Year Ground Lease For A 55-Year Capitalized Loan In The Amount Equal To $1,505,004, With Fully Deferred Payments; C. Adopting California Environmental Quality Act (CEQA) Findings; And

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