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Council approves first reading of amendment pausing $20M housing payment while Oxford explores housing options
Summary
Council introduced and waived first reading of an ordinance to amend the Public Market Development Agreement, pausing scheduled affordable-housing payments tied to parcel entitlements while Oxford Properties pursues residential options on Parcels A and B under a set of new milestones.
The Emeryville City Council voted to waive first reading and introduce an ordinance adopting a second major amendment to the Public Market Development Agreement that pauses scheduled payments tied to a prior $20 million affordable‑housing trade while developer Oxford Properties studies and pursues residential projects on Parcels A and B.
Community Development Director Chad Smalley said the amendment responds to market realities for large research-and-development leasing and gives Oxford time-limited milestones to submit detailed study-session materials, final development plans and building permit applications for residential projects. Under…
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