pages: OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2021-11-16.pdf, 28
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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 2) A Resolution Authorizing The City Administrator, Or Designee, To Enter Into An Exclusive Negotiating Agreement (ENA) With The African American Sports And Entertainment Group (AASEG), Or An Affiliate Entity, For A Period Of Eighteen (18) Months, With One Administrative Option To Extend For - (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 21-0855 Attachments: View Report View Legislation View Supplemental Report - 11/12/2021 88922 CMS The Council Committee approved recommendations as amended to include the following: Page 2, 1st Further Resolved: FURTHER RESOLVED: That the ENA shall require AASEG 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 Adding: 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 A motion was made by Noel Gallo, seconded by Rebecca Kaplan, that this matter be Adopted as Amended. The motion carried by the following vote: Aye: 8 - Fife, Gallo, Kalb, Kaplan, Reid, Taylor, Thao, and Fortunato Bas NO VOTE: 0 City of Oakland Page 28 Printed on 12/28/2021 | 28 | OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2021-11-16.pdf |