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Alameda County supervisors report agreement with OAC will move toward closing next year, seek creative funding
Summary
County counsel reported that the board approved a July 22 disposition agreement with “OAC” and is committed to completing the purchase next year; staff will pursue alternative funding options. No public speakers addressed closed-session items before the board recessed.
Alameda County Board of Supervisors officials reported on a closed-session disposition agreement with “OAC,” saying the board remains committed to closing the purchase next year and will explore creative funding options.
County counsel told the board that, following the July 22 approval of a disposition agreement with OAC, “the board of supervisors is committed to seeing the purchase close next year.” The counsel added that work now begins to ensure the deal will close as scheduled and emphasized that the board will seek collaborative, alternative funding solutions.
The matter was discussed in closed session; before adjourning to closed session President Halbert provided members the opportunity for public comment on closed-session items and the clerk reported there were no public speakers. When the board reconvened, the president thanked staff and colleagues for attending the special meeting and said the transaction is “very complicated,” reiterating the board’s commitment to ensuring success.
The transcript uses the acronym “OAC” without defining it; the record does not specify the full name or other identifying details about OAC, the exact purchase price, the precise closing date beyond “next year,” or the specific funding sources under consideration. Board members did not take a formal vote or make further announcements during the public portion of the special meeting. The meeting was then adjourned.
