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 calculated from the contract term stated in the record
- Type
- amendment
- Field
- Real estate
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.