pages: OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee/2014-09-16.pdf, 5
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OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee | 2014-09-16 | * Special Concurrent Meeting of the Meeting Minutes September 16, 2014 Oakland Redevelopment Successor Agency and Community & Economic Development Committee 9 Subject: Sears Lease Disposition and Development Agreement From: Economic Workforce Development Department Recommendation: Adopt A Successor Agency Resolution Authorizing An Amendment To A Lease Disposition And Development Agreement ("LDDA") With Sears Development Company For An Automotive Service Project Located At 2000-2016 Telegraph Avenue And 490 Thomas L. Berkeley Way To: (1) Approve The Assignment Of The LDDA To W/L Broadway Telegraph Owner VII, LLC, Or An Affiliated Entity, Or An Affiliate Of Lane Partners, LLC And/Or Walton Street Capital, LLC; (2) Extend Development Deadlines For The Project; (3) Reduce A Contingent Payment Obligation To The Owner From $1,600,000 To $1,575,000; And (4) Require The Payment Of $$00,000 To The Successor Agency As Consideration For The Assignment And Extension 14-0028 A motion was made by Council President Kernighan, seconded by Member Schaaf, that this matter be * Approve the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, due back on October 7, 2014. The motion carried by the following vote: Votes: Councilmember Absent: Member Gibson McElhaney Councilmember Aye: Vice Mayor Reid, Member Schaaf and Council President Kernighan The committee requested staff review the Hahn's settlement for first refusal rights. The committee also requested that the City Attorney place this item on the 9/23 closed session agenda View Report.pdf City of Oakland Page 5 Printed on 10/1/14 | 5 | OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee/2014-09-16.pdf |