AASEG-Land & Ray Bobbitt Oakland Coliseum Purchase Ordinance Up For City Council Vote Today

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AASEG-Land & Ray Bobbitt Oakland Coliseum Purchase Ordinance Up For City Council Vote Today

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AASEG-Land & AASEG-Land & Ray Bobbitt Oakland Coliseum Purchase Ordinance Up For City Council Vote TodaySummary from City of Oakland’s At Large Councilmember Rebecca Kaplan: AN ORDINANCE AUTHORIZING THE CITY ADMINISTRATOR TO NEGOTIATE AND EXECUTE A PURCHASE AND SALE AGREEMENT WITH AASEG LAND LLC, A DELAWARE LIMITED LIABILITY COMPANY, OR ITS AFFILIATE, FOR THE SALE OF THE CITY OF OAKLAND’S UNDIVIDED 50 PERCENT INTEREST IN PROPERTY LOCATED AT 7000 COLISEUM WAY, OAKLAND, CALIFORNIA, FOR ONE HUNDRED FIVE MILLION DOLLARS ($105,000,000) TO BE PAID IN INSTALLMENTS AND CONDITIONED ON DEVELOPMENT OF ON-SITE AFFORDABLE HOUSING AND OTHER BENEFITS; AND ADOPTING CALIFORNIA ENVIRONMENTAL QUALITY ACT FINDINGS.Staff report at ZennieReport.com

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