Broadway & 14th St
Oakland, CA 94612
USA
#Oakland city council wants to sneak thru a controversial land sale the day after a holiday weekend. Turn out to #SaveE12th 7/5/16 7pm
— E12 Peoples Proposal (@PeoplesProposal) July 3, 2016
The E12 Coalition is calling all supporters to join us at City Hall TODAY at 7pm to oppose the sale of the E12th Street parcel! #SaveE12th
— E12 Peoples Proposal (@PeoplesProposal) July 5, 2016
Subject: 12th Street Remainder Parcel Disposition And Development Agreement With Urbancore And EBALDC
From: Economic And Workforce Development
Recommendation: An Ordinance: (1) Authorizing The City Administrator, Without Returning To The City Council, To Negotiate And Execute A Disposition And Development Agreement And Related Documents Between The City Of Oakland And Urbancore Development, LLC Or Its Related Entities Or Affiliates (“Urbancore”), And East Bay Asian Local Development Corporation Or Its Related Entities Or Affiliates (“EBALDC”), For
(A) Sale Of The 12th Street Remainder Parcel Located At E12th Street And 2nd Avenue (“Property”) For No Less Than $8.0 Million,
(B) A Seller Carryback Loan From The City To EBALDC In The Amount Of $3.3 Million Plus The Cost Of Loan Origination, And
(C) Development Of The Property As A Residential Mixed-Use Project, All Of The Foregoing Documents To Be In A Form And Content Substantially In Conformance With The Term Sheet Attached As Exhibit …