NOTICE AND DIGEST
AN ORDINANCE AUTHORIZING THE CITY ADMINISTRATOR TO EXECUTE
A FOURTH AMENDMENT OF THE DISPOSITION AND DEVELOPMENT
AGREEMENT BETWEEN THE CITY OF OAKLAND AND W/L TELEGRAPH OWNER, L.L.C., FOR DEVELOPMENT OF 2100 TELEGRAPH AVENUE, TO
ADD TWO ALTERNATIVES TO THE PROJECT DESCRIPTION, AND MODIFY AND ADD POTENTIAL TERM EXTENSIONS WITH PAYMENTS OF $700,000 IN 2024, $500,000 IN 2028, $600,000 IN 2030, AND $700, 000 IN 2032; AND
ADOPTING CALIFORNIA ENVIRONMENTAL QUALITY ACT FINDINGS
ThisOrdinanceauthorizesafourthamendmenttothe Dispositionand DevelopmentAgreementfor2100TelegraphAvenue,Oa kland,Califor- nia (as amended, the “DDA”) between the City of Oakland and W/L TelegraphOwner,L.L.C.,aDelawareliabilitycompan y,forredevelop- mentoftheCity-ownedTelegraphPlazaGaragesite (the“Property”), togetherwithadjacentprivatelyownedpropertiesacq uiredbytheDe- velopertoaddtwoalternativestotheprojectdescri ptionandtomodi- fyandaddpotential termextensions comprisedofa four-yearterm andthreetwo-yearterms,subjecttoextensionpayme ntsof$700,000, $500,000,$600,000,and$700,000,respectively;and adoptingCalifornia EnvironmentalQualityActfindings.
Notice of Publication
ThisOrdinancewasintroducedattheCityCouncilmeet ing,Tuesday evening July 16, 2024 , and passed to print 5 Ayes; 2 Excused Ramachandran, Reid; 1 Absent Kaplan . Final adoption has been scheduledfortheSpecialCityCouncilmeeting Tuesday, July 30, 2024, 1:30 P.M. , atOne FrankH. OgawaPlaza,CouncilChamber,3rd floor, Oakland,CaliforniaandviaTeleconference.
Threefullcopiesareavailableforuseandexaminationbythepublicin theOfficeoftheCityClerkatOneFrankH.OgawaP laza,1stfloor,Oak- land,California.
ASHAREED,CityClerk
OT 6842932; July 26, 2024