pages: OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2021-07-20.pdf, 4
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OaklandRedevelopmentSuccessorAgencyAndCityCouncil | 2021-07-20 | Special Concurrent Meeting of the Meeting Minutes - FINAL July 20, 2021 Oakland Redevelopment Successor Agency/City Council 2 Subject: Term Sheet With The Oakland Athletics From: Vice Mayor Kaplan Recommendation: Adopt A Resolution Approving Non-Binding Terms Of A Development Agreement With The Athletics Investment Group LLC, D/B/A The Oakland Athletics, A California Limited Liability Company, Including Terms For, But Not Limited To, The Financial Plan, Community Benefits, And Non-Relocation, Related To The Proposed Oakland Waterfront Ballpark District Project To Be Developed On The Property Known As The Howard Terminal At The Port Of Oakland 21-0412 Attachments: View Kaplan Report View Report View Report Attachments 1 through 6 View Legislation And Exhibit A 88744 CMS The Council Committee approved staffs recommendations with the following amendments: Page 2, Adding a10th WHEREAS: WHEREAS, the Alameda County Board of Supervisors considered the City's request to adopt a motion declaring its intent to contribute Alameda County's share of incremental property 3 taxes that will be generated from the Project into any future Enhanced Infrastructure Financing District (IFD) to be formed over the Project site, for the purpose of financing affordable housing, parks, and other infrastructure of community wide significance; and Page 3 after the 1st WHEREAS Added: A. Support for a single (IFD) over the Property, including the pursuit of participation from both the City and Alameda County; B. Request to continue to pursue a range of outside/additional funding resources, including regional, State, and Federal transportation/infrastructure funding, Including seeking Alameda County's participation in the onsite IFD; C. Request for additional information regarding the Port's jobs policies; D. Confirmation that tenant protection measures could be supported through the proposed community fund; E. Confirmation of the Port's Seaport Compatibility Measures prior to any final Project approvals by Council; F. Commitment to creating an informal group of City, Port, County, A's, community members and local experts to track implementation of DTSC toxics remediation requirements; and WHEREAS, the Howard Terminal Community Benefits Steering Committee (Steering Committee), consisting of representatives of the Oakland A's, City, Port of Oakland, and stakeholders from West Oakland, Old Oakland, Jack London District and Chinatown, was created to identify community needs related to the Project and prioritize solutions to address such needs; and City of Oakland Page 3 Printed on 9/21/2021 | 4 | OaklandRedevelopmentSuccessorAgencyAndCityCouncil/2021-07-20.pdf |