pages: OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2016-07-19.pdf, 20
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OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard | 2016-07-19 | Special Concurrent Meeting of the Meeting Minutes - DRAFT July 19, 2016 Oakland Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board 7.8 Subject: 12th Street Remainder Parcel Disposition And Development Agreement With Urbancore And EBALDC From: Economic And Workforce Development Recommendation: Adopt An Ordinance: (1) Authorizing The City Administrator, Without Returning To The City Council, To Negotiate And Execute A Disposition And Development Agreement And Related Documents Between The City Of Oakland And Urbancore Development, LLC Or Its Related Entities Or Affiliates ("Urbancore"), And East Bay Asian Local Development Corporation Or Its Related Entities Or Affiliates ("EBALDC"), For (A) Sale Of The 12th Street Remainder Parcel Located At E12th Street And 2nd Avenue ("Property") For No Less Than $8.0 Million, (B) A Seller Carryback Loan From The City To EBALDC In The Amount Of $3.3 Million Plus The Cost Of Loan Origination, And (C) Development Of The Property As A Residential Mixed-Use Project, All Of The Foregoing Documents To Be In A Form And Content Substantially In Conformance With The Term Sheet Attached As Exhibit A, And; (2) Adopting CEQA Exemptions (15183 & 15183.3) And Addendum (Relying On The Previously Certified 2014 Lake Merritt Station Area Plan EIR) 15-1218 A motion was made that this matter be Approved On Introduction and Scheduled for Final Passage to the * Special Meeting of the Oakland City Council, to be heard 7/26/2016. The motion carried by the following vote: Recused: 2- - Kaplan, and Gibson McElhaney Aye: 5 - Brooks, Campbell Washington, Guillén, Kalb, and Reid No: 1 Gallo COMMENCING AT 6:30 P.M., OR AS SOON AS REASONABLY PRACTICABLE THEREAFTER, THE NON - CONSENT CALENDAR PORTION OF THE AGENDA: AT THIS TIME, THE MEETING OF THE OAKLANDILEONA QUARRY GHAD SHALL BE CONVENED The Geological Hazzard Abatement District was convened at 6:42 P.M. with Councilmember Brooks presiding as chair. City of Oakland Page 20 Printed on 10/1/2016 | 20 | OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2016-07-19.pdf |