NOTICE AND DIGEST
AN ORDINANCE AUTHORIZING THE CITY ADMINISTRATOR TO NEGOT I-
ATE AND EXECUTE A PURCHASE AND SALE AGREEMENT WITH A ASEG
LAND LLC, A DELAWARE LIMITED LIABILITY COMPANY OR ITS AF FILI- ATE, FOR THE SALE OF THE CITY OF OAKLAND’S UNDIVIDED 50 PER- CENT INTEREST IN PROPERTY LOCATED AT 7000 COLISEUM WA Y, OAK-
LAND, CALIFORNIA, FOR ONE HUNDRED FIVE MILLION DOLLARS
($105,000,000) TO BE PAID IN INSTALLMENTS AND CONDITIONE D ON
DEVELOPMENT OF ONSITE AFFORDABLE HOUSING AND OTHER BE NE- FITS; AND ADOPTING CALIFORNIA ENVIRONMENTAL QUALITY ACT
FINDINGS
AnOrdinanceauthorizingthenegotiationandexecutio nofaPurchase andSaleAgreementwithAASEGLandLLC,aDelaware limitedliability company,oritsaffiliateapprovedbytheCityAdmin istrator,forthe saletheCityofOakland’sundivided50percentinte restinpropertylo- catedat7000ColiseumWay,Oakland,California,for OneHundredFive MillionDollars($105,000,000)conditionedondevelopmentofon-siteaf- fordablehousingandotherbenefits;andadoptingC aliforniaEnviron- mentalQualityActFindings.
Notice of Publication
ThisOrdinancewasintroducedattheCityCouncilmeet ing,Tuesday evening June 12, 2024 ,andpassedtoprint 8 Ayes .Finaladoptionhas beenscheduledfortheSpecialCityCouncilmeeting Tuesday, June 26, 2024, 1:30 P.M. ,atOneFrankH.OgawaPlaza,CouncilChamber,3rd floor,Oakland,CaliforniaandviaTeleconference.
Threefullcopiesareavailableforuseandexaminationbythepublicin theOfficeoftheCityClerkatOneFrankH.OgawaP laza,1stfloor,Oak- land,California.
ASHAREED,CityClerk
OT 6835902; June 21, 2024