pages: SpecialCommunityAndEconomicDevelopmentCommittee/2015-12-15.pdf, 2
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SpecialCommunityAndEconomicDevelopmentCommittee | 2015-12-15 | *Special Community & Economic Meeting Minutes December 15, 2015 Development Committee 3 Subject: DDA For 2330 Webster Street & 2315 Valdez Street From: Economic & Workforce Development Department Recommendation: Conduct A Public Hearing And Upon Conclusion Adopt An Ordinance Authorizing The City Administrator, Without Returning To The City Council, To Negotiate And Execute A Disposition And Development Agreement (DDA) And Related Documents Between The City Of Oakland And TDP Webster, LLC Or A Related Entity Or Affiliate That Provides For (1) The Sale Of Two Contiguous City-Owned Parcels Located At 2330 Webster Street And 2315 Valdez Street To Developer For Their Combined Appraised Market Value Of $9,450,000; (2) TDP Webster's Construction On The Property Of A Residential Mixed-Use Project, Including Ground Floor Retail Space And A Public Parking Garage; (3) The City's Purchase From TDP Webster, LLC Of The Public Parking Garage For A Cost Not To Exceed $13,468,780; (4) Negotiation And Execution Of Agreements Providing For Easements And Entry Rights And Other Matters Required For The Operation And Maintenance Of The Public Parking Garage; And (5) Negotiation And Execution Of Amendments To Existing Parking License Agreement With Third Parties To Facilitate Development Of The Project 15-0406 Attachments: View Report View Supplemenral Report The Committee requested that preference be given to Oakland teachers in the workforce housing. Public hearing A motion was made by Gibson McElhaney, seconded by Campbell Washington, that this matter be Approve the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, to be heard 12/7/2015. The motion carried by the following vote: Aye: 4 - - Campbell Washington, Gibson McElhaney, Kaplan, and Reid City of Oakland Page 2 Printed on 1/12/2016 | 2 | SpecialCommunityAndEconomicDevelopmentCommittee/2015-12-15.pdf |