3.9 26-0737 Subject: Sale Of 319 Chester Street From: Housing And Community Development Department Recommendation: [TITLE CHANGE] [NEW TITLE] Adopt An Ordinance Amending Ordinance No, 13104 C.M.S., Which Authorized The Sale Of A City-Owned Parcel At 319 Chester Street To The Alliance For West Oakland Development, Authorized Seller Financing For The Purchase Price, Authorized A Construction Loan, And Authorized A Disposition And Development Agreement With The Developer To Develop The Parcel With A Two Family Home For-Sale, To (1) Convert The Project Into An Affordable Rental Project, And (2) Consolidate The City Purchase And Construction Loans Into A Long Term Affordable Rental Loan; On The June 23, 2026 Community And Economic Development Committee Agenda [OLD TITLE] Adopt An Ordinance Amending Ordinance No. 13104 C.M.S. Which Authorized The Sale Of A City-Owned Parcel At 319 Chester Street To The Alliance For West Oakland Development For A Purchase Price Of $94,000, Authorizing Seller Financing For The Purchase Price, Authorizing A $400,000 Construction Loan, And Authorizing A Disposition And Development Agreement With The Developer To Develop The Parcel With A Two Family Home, To (1) Authorize Converting The Project Into An Affordable Rental Project, (2) Change The City Loans Into Long Term Affordable Rental Loans, And (3) Increase The Amount Of The City Construction Loan By $1,000,000 For A Total Construction Loan Of $1,494,000