3.10 26-0762 Subject: Costco Exclusive Negotiation Agreement From: Economic And Workforce Development Department Recommendation: Adopt A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Exclusive Negotiation Agreement With Costco Wholesale Corporation For Development Of A Costco Store On City Property Located At 101 Admiral Robert Toney Way And 2308 Wake Avenue For A 24 Month Term, Conditioned On A $300,000 Exclusive Negotiation Payment, With Two Additional Six-Month Administrative Extensions, Each Conditioned On Payment Of An Additional $25,000; And (2) Waiving Competitive Bidding Under Oakland Municipal Code Chapter 2.42; And (3) Adopting California Environmental Quality Act Findings; On The June 23, 2026 Community And Economic Development Committee Agenda - City of Oakland

Meeting: *Rules & Legislation Committee on 2026-06-04 10:30 AM

Meeting Time: June 04, 2026 at 10:30am PDT

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Agenda Item

3.10 26-0762 Subject: Costco Exclusive Negotiation Agreement From: Economic And Workforce Development Department Recommendation: Adopt A Resolution (1) Authorizing The City Administrator To Negotiate And Execute An Exclusive Negotiation Agreement With Costco Wholesale Corporation For Development Of A Costco Store On City Property Located At 101 Admiral Robert Toney Way And 2308 Wake Avenue For A 24 Month Term, Conditioned On A $300,000 Exclusive Negotiation Payment, With Two Additional Six-Month Administrative Extensions, Each Conditioned On Payment Of An Additional $25,000; And (2) Waiving Competitive Bidding Under Oakland Municipal Code Chapter 2.42; And (3) Adopting California Environmental Quality Act Findings; On The June 23, 2026 Community And Economic Development Committee Agenda