4.3 18-1179 Subject: 12th Street Remainder DDA Amendment From: Economic And Workforce Development Department Recommendation Adopt An Ordinance To Amend Ordinance 13382 C.M.S. To Authorize A First Amendment To The Disposition and Development Agreement Between The City Of Oakland And The Development Team Composed of LakeHouse Commons, LLC And LakeHouse Commons Affordable Housing, LP To (1) Extend The Closing Date And Related Outstanding Performance Benchmarks And (2) Increase City Seller Financing To Include Fifty Percent Of The Land Sales Price Attributable To The Market Rate Project; On The December 4, 2018 Special City Council Agenda - City of Oakland

Meeting: *Rules & Legislation Committee on 2018-11-29 10:45 AM

Meeting Time: November 29, 2018 at 10:45am PST

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Agenda Item

4.3 18-1179 Subject: 12th Street Remainder DDA Amendment From: Economic And Workforce Development Department Recommendation Adopt An Ordinance To Amend Ordinance 13382 C.M.S. To Authorize A First Amendment To The Disposition and Development Agreement Between The City Of Oakland And The Development Team Composed of LakeHouse Commons, LLC And LakeHouse Commons Affordable Housing, LP To (1) Extend The Closing Date And Related Outstanding Performance Benchmarks And (2) Increase City Seller Financing To Include Fifty Percent Of The Land Sales Price Attributable To The Market Rate Project; On The December 4, 2018 Special City Council Agenda