NOTICE AND DIGEST
AN ORDINANCE:
AUTHORIZING THE CITY ADMINISTRATOR TO NEGOTIATE AND EXE-
CUTE A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN T HE CITY OF OAKLAND (“CITY”) AND LIBERATION PARK MARKET HAL L, OR
ITS AFFILIATES, FOR THE SALE OF A PORTION OF THE CITY-O WNED PROPERTY LOCATED AT 73RD AVENUE AND FOOTHILL BOULEVA RD (“P- ARCEL 1”) AND DEVELOPMENT OF A MIXED-USE MARKET HALL AND CULTURAL CENTER ON PARCEL 1, FOR THE APPRAISED $994 ,996 FAIR
MARKET VALUE, WITH A TERM OF TWO AND ONE-HALF YEARS WITH TWO ONE-YEAR ADMINISTRATIVE EXTENSION OPTIONS; AND ADOPT-
ING CALIFORNIA ENVIRONMENTAL QUALITY ACT FINDINGS
Notice of Publication
ThisOrdinancewouldauthorizetheCityAdministrato rtoenterintoa dispositionanddevelopmentagreement(“DDA”)fort hedevelopment ofamixed-usemarkethallandculturalcenterandt oconveyapproxi- matelyonehalfoftheCity-ownedpropertylocatedat73rdAvenueand FoothillBoulevard.TheDDAwouldhaveatermoftw oandone-half years,withtwoone-yearextensionoptions.Theter msoftheagree- ment would be substantially consistent with the negotiated term sheetsattachedtotheAgendaReportforthisOrdin ance.TheOrdi- nancemakesfindingsthatthesalepriceisbasedon theproportional appraisedfairmarketvalueoftheParcel1,thatasaleisinthebestin- terestoftheCity,andthatnofurtherenvironmentalreviewisrequired underCEQA.
ThisOrdinancewasintroducedattheSpecialCityCoun cilmeeting, Tuesdayevening
February 20, 2024 ,andpassedtoprint 8 Ayes, Fife,
Gallo, Kalb, Kaplan, Ramachandran, Reid, Fortunado Bas, And Jenkins .
FinaladoptionhasbeenscheduledfortheSpecialCityCouncilmeeting Wednesdayevening March 6, 2024, 5:00 p.m. ,atOneFrankH.Ogawa Plaza,CouncilChamber,3rdfloor,Oakland,Californ iaandviaTelecon- ference.
Threefullcopiesareavailableforuseandexaminationbythepublicin theOfficeoftheCityClerkatOneFrankH.OgawaP laza,1stfloor,Oak- land,California.
ASHAREED,CityClerk
OT 6812806; Mar. 1, 2024