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Agenda Item
S5.20 24-0327 Subject: OMSS Lease Disposition And Development Agreement - Fourth Amendment
From: Economic And Workforce Development Department
Recommendation: Adopt An Ordinance Authorizing The City Administrator To Execute A Fourth Amendment To The Lease Disposition And Development Agreement Between The City Of Oakland And OMSS, LLC, For Development Of An Ancillary Maritime Support Facility For Truck Parking And Related Services At 10 Burma Road And 2307 Wake Avenue, To Extend The Outside Closing Date By Nine Months Subject To An Extension Payment Of $37,500, With An Additional Three Month Administrative Extension Subject To An Extension Payment Of $12,500; And Adopting California Environmental Quality Act Findings