7.16 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 - City of Oakland

Meeting: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council on 2018-12-11 5:30 PM - PURSUANT TO THE BROWN ACT, AT 1:42 A.M. THE CITY COUNCIL CONTINUED THIS MEETING TO FRIDAY DECEMBER 14, 2018, AT 11:00 A.M. ON DECEMBER 14, COUNCI

Meeting Time: December 11, 2018 at 5:30pm PST

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Agenda Item

7.16 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

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