pages: OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2016-07-05.pdf, 13
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OaklandRedevelopmentSuccessorAgencyandtheCityCouncil | 2016-07-05 | Concurrent Meeting of the Oakland Meeting Minutes - FINAL July 5, 2016 Redevelopment Successor Agency and the City Council S-17 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 As Amended On Introduction to include section 9 term sheet as part of the building permit application process, require the developer to closely work with OUSD to create a construction mitigation plan, and as a friendly amendment as offered by Councilmember Kalb and accepted by the mover and seconder, to perform community outreach, to be Scheduled for Final Passage to the Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council, to be heard 7/19/2016. The motion carried by the following vote: Excused: 1 - Kaplan Aye: 6 - - Brooks, Campbell Washington, Guillén, Kalb, Reid, and Gibson McElhaney No: 1 - Gallo City of Oakland Page 13 Printed on 9/30/2016 | 13 | OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2016-07-05.pdf |