24-0052
2) An Ordinance Authorizing The City Administrator To Negotiate And Execute (A) A Lease Disposition And Development Agreement Between The City And Liberation Park Residences, L.P., Or Its Affiliates, For Development Of 119 Units Of Affordable Housing On A Portion Of The Property Located At 73rd Avenue And Foothill Boulevard (“Parcel 2”), With A Term Of Two And One-Half Years With Two One-Year Administrative Extension Options, (B) A 99-Year Ground Lease, And (C) A 55-Year Capitalized Loan In The Amount Equal To $1,505,004; And Adopting California Environmental Quality Act Findings; And
What this record is
- Amount
- $1.51M
- Runs until
- January 24, 2025 already ended date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
- Field
- Real estate
real estate contracts in CA that end within a year →
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work goes back out to bid, and it is usually stated years ahead.
Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council
- Requested by
- Economic & Workforce Development Department
- Introduced
- January 24, 2024
- On agenda
- March 6, 2024
- Passed
- March 6, 2024
- Enactment no.
- 13784 C.M.S.
Where it was heard
Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council *Rules & Legislation Committee *Community & Economic Development Committee *Rules & Legislation Committee *Rules & Legislation CommitteeWatch what Oakland buys
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