Agenda Item
3.12 23-0777 Subject: Exclusive Negotiation Agreement With Oakland & The World Enterprises, McCormack Baron Salazar, And Strada Investment Group II For 1911 Telegraph Avenue
From: Economic Workforce Development Department
Recommendation: Adopt A Resolution Authorizing The City Administrator To Negotiate And Enter Into An Exclusive Negotiation Agreement (ENA) With Oakland & The World Enterprises, Inc., McCormack Baron Salazar, Inc., And Strada Investment Group II, L.L.C., Or Their Affiliates, For The Potential Lease Disposition And Development Of A Mixed-Use Development At 1911 Telegraph Avenue, For A Term Of Twenty-Four Months, With Two Six-Month Administrative Extensions With A Nonrefundable Ena Payment Of $50,000 And Nonrefundable Extension Payments Of $12,500 Each, And Adopting California Environmental Quality Act Findings; On The October 24, 2023 Community And Economic Development Committee Agenda