Subject: Acquisition Of Alameda County’s Undivided 50 Percent Interest In The Malibu Property From: Councilmember Kaplan Recommendation: Adopt An Ordinance Authorizing The City Administrator To Negotiate And Execute A Purchase And Sale Agreement With The County Of Alameda To Acquire The County’s Undivided 50 Percent Interest In The Malibu Property, Located At 8000 South Coliseum Way, Oakland, California, For Eight Million Seven Hundred Thousand Dollars ($8,700,000) Based On The County’s Appraised Fair Market Value, With Interest Free, Seller-Financing To Be Paid With 50 Percent Of Property Revenues; And Adopting California Environmental Quality Act Findings

Committee

* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council

Requested by

Rebecca Kaplan

Introduced

April 17, 2024

On agenda

May 7, 2024

Passed

May 7, 2024

Enactment no.

13794 C.M.S.

Where it was heard

* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council May 7, 2024 Approved for Final Passage Pass *Special Concurrent Meeting of the Oakland Redevelopment Agency/City Council Apr 30, 2024 Approved On Introduction and Scheduled for Final Passage Pass *Rules & Legislation Committee Apr 25, 2024 Scheduled *Rules & Legislation Committee Apr 18, 2024