SUBJECT: Amendment to Sears Disposition and DATE: September 29, 2014 Development Agreement ITEM: #4Lease Disposition and Development Agreement • September 19th, 2014
Contract Type FiledSeptember 19th, 2014On October 18, 2005, the Redevelopment Agency of the City of Oakland (“ORA”) entered into a Lease Disposition and Development Agreement (“LDDA”) with Sears Development Co. (“Sears”) for the development of an automotive service facility (“Project”) at 2000-2016 Telegraph Avenue and 490 Thomas L. Berkley Way (the “LDDA Property”). Sears was to complete the Project within 60 months after execution of the LDDA, or by October of 2010.