3.3 24-0319 Subject: Acquisition Of Alameda County's Undivided 50 Percent Interest In The Malibu Property From: Councilmember Kaplan Recommendation: Adopt An Ordinance Authorizing The City Administrator To Negotiate And Execute A Purchase And Sale Agreement With The County Of Alameda To Acquire The County's Undivided 50 Percent Interest In The Malibu Property, Located At 8000 South Coliseum Way, Oakland, California, For Eight Million Seven Hundred Thousand Dollars ($8,700,000) Based On The County's Appraised Fair Market Value, With Interest Free, Seller-Financing To Be Paid With 50 Percent Of Property Revenues; And Adopting California Environmental Quality Act Findings; On The April 30, 2024 Special City Council Agenda - City of Oakland

Meeting: *Rules & Legislation Committee on 2024-04-25 10:30 AM

Meeting Time: April 25, 2024 at 10:30am PDT

Note: The online Request to Speak window has expired.

Agenda Item

3.3 24-0319 Subject: Acquisition Of Alameda County's Undivided 50 Percent Interest In The Malibu Property From: Councilmember Kaplan Recommendation: Adopt An Ordinance Authorizing The City Administrator To Negotiate And Execute A Purchase And Sale Agreement With The County Of Alameda To Acquire The County's Undivided 50 Percent Interest In The Malibu Property, Located At 8000 South Coliseum Way, Oakland, California, For Eight Million Seven Hundred Thousand Dollars ($8,700,000) Based On The County's Appraised Fair Market Value, With Interest Free, Seller-Financing To Be Paid With 50 Percent Of Property Revenues; And Adopting California Environmental Quality Act Findings; On The April 30, 2024 Special City Council Agenda