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OaklandRedevelopmentSuccessorAgencyandtheCityCouncil,2021-11-16,"* Concurrent Meeting of the
Meeting Minutes - FINAL
November 16, 2021
Oakland Redevelopment Successor
Agency and the City Council
S12
Subject:
Coliseum Site ENA
From:
Vice Mayor Kaplan
Recommendation: Adopt One Of The Following Two Options:
1) Resolution Authorizing The City Administrator, Or Designee, To Enter Into An Exclusive
Negotiating Agreement (ENA) With The Stewart Property Group, LLC, Dave Stewart And
Lonnie Murray, Or An Affiliated Entity, With A Term Of Eighteen (18) Months With One
Administrative Option To Extend For Six (6) Months, Subject To Payment Of A
Non-Refundable ENA Fee Of $200,000 Per Year And Project Expense Payments For
Actual City Costs Incurred, To Negotiate Potential Terms For The Acquisition And
Development Of The City's Share Of The Oakland Coliseum Complex, Consisting Of
Various Parcels Bounded By San Leandro Street, 66th Avenue, Hegenberger Road And
Interstate 880, Including Potential Terms For Purchase, Lease, And/Or Partnership;A
Financial Plan; And Community Benefits; Or
21-0854
Attachments: View Report
View Legislation
View Supplemental Report - 11/12/2021
The Council Committee approved recommendations as amended to include the
following:
Page 3, 1st Further Resolved:
FURTHER RESOLVED: That the ENA shall require the Stewart Property Group,
LLC, Dave Stewart and Lonnie Murray to pay to the City of Oakland a
non-refundable annual ENA fee of $200,000 and Project Expense Payments for all
costs incurred by the City of Oakland during the ENA negotiations; and be
it
FURTHER RESOLVED: That the City Council authorizes the City Administrator to
accept, deposit and appropriate the ENA Fee of $200,000 per year into Entity
(1),
Miscellaneous Capital Projects Fund (5999), in a Project to be determined later, for
the fee to negotiate exclusively with the City; and be it
FURTHER RESOLVED: That the City Council authorizes the City Administrator to
accept, deposit and appropriate an initial Project Expense Payment (PEP) of no less
than $2.5M to cover actual staff costs and third party expenses into Entity (1),
Miscellaneous Capital Projects Fund (5999), in a Project to be determined later, for
the administration and management of the ENA and related project; and be it
This City Resolution be No Action Taken.
City of Oakland
Page 27
Printed on 12/28/2021",27,OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2021-11-16.pdf