{"MatterId":37487,"MatterGuid":"EF331A48-7E25-48AC-95A5-45493565745E","MatterLastModifiedUtc":"2026-07-13T19:35:34.757","MatterRowVersion":"AAAAAAEHH4E=","MatterFile":"26-0905","MatterName":null,"MatterTitle":"Subject: \tSecond Amendment To Coliseum Complex Sale Agreement\nFrom: \t\tEconomic And Workforce Development Department And Finance Department\nRecommendation: Adopt An Ordinance (1) Authorizing The City Administrator To Amend The Purchase And Sale Agreement Of The City Of Oakland’s Undivided 50% Interest In The Coliseum Complex Located At 7000 Coliseum Way, Oakland, California, To Allow The Simultaneous Sale Of The Arena Parcel For The Lump Sum Payment Of $50 Million And The Stadium Parcel For $60 Million With Seller Financing From The City, Crediting The $5 Million Deposit Held By The City Prior To The Sale;\n\n(2) Authorizing The City Administrator To Negotiate And Execute An Agreement Pursuant Which The Buyers Agree To Pay To The City 6% Of The Annual Gross Ticket Sales For Any Event At The Arena Parcel And The Stadium Parcel Less Applicable Taxes;\n\n(3) Amending Ordinance No. 13801 C.M.S. Conditioning The Sale To Require Development Of On-Site, Affordable Housing And Other Benefits To Solely The Sale Of The City’s Interest In The Stadium Parcel;\n\n(4) Authorizing The City Administrator To Facilitate Closing Prior To December 31, 2026 By Redirecting To The Buyer Of The Stadium Parcel A Portion Of The Pro Rata Share Of The City’s Annual Subsidy Of The Stadium Parcel Based On A Per Day Amount Of $16,438.36 Limited To The Period Between The Stadium Parcel Closing And December 31, 2026; And\n\n(5) Adopting California Environmental Quality Act Findings","MatterTypeId":3,"MatterTypeName":"Ordinance","MatterStatusId":10,"MatterStatusName":"In Committee","MatterBodyId":242,"MatterBodyName":"* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council","MatterIntroDate":"2026-07-08T00:00:00","MatterAgendaDate":"2026-07-21T00:00:00","MatterPassedDate":null,"MatterEnactmentDate":null,"MatterEnactmentNumber":null,"MatterRequester":"Economic & Workforce Development Department","MatterNotes":null,"MatterVersion":"1","MatterCost":null,"MatterText1":null,"MatterText2":null,"MatterText3":null,"MatterText4":null,"MatterText5":null,"MatterDate1":null,"MatterDate2":null,"MatterEXText1":null,"MatterEXText2":null,"MatterEXText3":null,"MatterEXText4":null,"MatterEXText5":null,"MatterEXText6":null,"MatterEXText7":null,"MatterEXText8":null,"MatterEXText9":null,"MatterEXText10":null,"MatterEXText11":null,"MatterEXDate1":null,"MatterEXDate2":null,"MatterEXDate3":null,"MatterEXDate4":null,"MatterEXDate5":null,"MatterEXDate6":null,"MatterEXDate7":null,"MatterEXDate8":null,"MatterEXDate9":null,"MatterEXDate10":null,"MatterAgiloftId":0,"MatterReference":null,"MatterRestrictViewViaWeb":false,"MatterReports":[]}