3.1 21-0724 Subject: Approval Of AASEG Term Sheet From: Vice Mayor Kaplan And Councilmember Gallo Recommendation: [OLD TITLE] Adopt A Resolution Approving Non-Binding Terms Of An Agreement With The African American Sports And Entertainment Group, Including Terms For, But Not Limited To, The Financial Plan, And Community Benefits, Related To The Proposed Acquisition And Development (Including Lease, Purchase, And Partnership) Of The Oakland Coliseum Complex, Consisting Of Various Parcels Bounded By San Leandro Street, 66th Avenue, Hegenberger Road And Interstate 880, And Authorizing and Accepting Payment Of A $1.5 Million Project Expense Payment To The City Of Oakland [NEW TITLE] Adopt On Of The Following Resolutions: 1. A Resolution Authorizing The City Administrator, Or Designee, To Enter Into An Exclusive Negotiating Agreement (ENA) With The African American Sports And Entertainment Group (AASEG), For A Period Of One Year, With One Administrative Option To Extend For Twelve (12) Months, To Work Toward The Acquisition And Development (Including Purchase, Lease, Or Partnership) Of The City's Share of the Oakland Coliseum Complex, Consisting Of Various Parcels Bounded By San Leandro Street, 66th Avenue, Hegenberger Road And Interstate 880, Including, During the ENA Period, To Negotiate Terms For, But Not Limited To, The Financial Plan, And Community Benefits, And Authorizing And Accepting Payment Of An ENA Fee Of $200,000 Per Year And Project Expense Payments To The City Of Oakland. OR