3.7 22-0060 Subject: 12th Street Remainder Sixth DDA Amendment From: Economic And Workforce Development Department Recommendation: Adopt An Ordinance Authorizing A Sixth Amendment To The Disposition And Development Agreement Between The City Of Oakland And Lakehouse Commons, LLC, And Lakehouse Commons Affordable Housing, LP, To (1) Extend The Outside Date (Retroactively, If Necessary) And Related Performance Deadlines, In Exchange For Monthly Payments Of An Additional Deposit Of $15,000 And An Extension Fee Of $15,000, (2) Require Reappraisal Of The Property And Update Of The Purchase Price, And (3) Adopt California Environmental Quality Act Findings; On The February 15, 2022 City Council Agenda On Non-Consent - City of Oakland

Meeting: *Rules & Legislation Committee on 2022-02-03 10:30 AM - Please See The Agenda To Participate In The Meeting

Meeting Time: February 03, 2022 at 10:30am PST

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Agenda Item

3.7 22-0060 Subject: 12th Street Remainder Sixth DDA Amendment From: Economic And Workforce Development Department Recommendation: Adopt An Ordinance Authorizing A Sixth Amendment To The Disposition And Development Agreement Between The City Of Oakland And Lakehouse Commons, LLC, And Lakehouse Commons Affordable Housing, LP, To (1) Extend The Outside Date (Retroactively, If Necessary) And Related Performance Deadlines, In Exchange For Monthly Payments Of An Additional Deposit Of $15,000 And An Extension Fee Of $15,000, (2) Require Reappraisal Of The Property And Update Of The Purchase Price, And (3) Adopt California Environmental Quality Act Findings; On The February 15, 2022 City Council Agenda On Non-Consent