Extends City of Oakland's Sobrante Park ground lease 30 years for a community-led renovation
The district is amending its ground lease with the City of Oakland for the Sobrante Park recreational facility at 470 El Paseo Drive. The change lets the community-led renovation of Sobrante Mini Park go forward and extends the lease 30 years, until 2049. The City gets one option to renew for another 30 years, and all other lease terms stay the same.
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- Vendor / partner
- City of Oakland · Oakland, CA
- Action
- Amendment
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- Governance & board business
- Presented by
- General Counsel
- File
19-2411· agendaC.-5- Outcome
- Adopted on the General Consent Report, Nov 20, 2019
Official text
Approval by the Board of Education of First Amendment to Ground Lease between the District and the City of Oakland, regarding the Recreational Facilities Sobrante Park, located at 470 El Paseo Drive, Oakland, CA, modifying the Ground Lease to carry out the improvements of the proposed Community-led Renovation of Sobrante Mini Park (the “Renovation Project”), in accordance with the terms and conditions contained herein, including but not limited to extending the time of the Lease commencing on the date on which the Board of Education executes this Agreement and shall continue for a period of thirty (30) years, until 2049, with City granted one option to renew for an additional 30 years. All other terms and conditions of the Ground Lease remain in full force and effect.
History
- Adopted on the General Consent Report