City Council 04 21 26 Agenda Item N 6 Exclusive Negotiation Agreement Between

The City Council of Oxnard held a meeting on April 9, 2026, to discuss an Exclusive Negotiation Agreement (ENA) with JB Jones Borro LLC for the development of surplus city-owned parcels in downtown Oxnard. The parcels, previously acquired for revitalization but stalled due to economic downturns and redevelopment agency dissolution, are now proposed for a mixed-use project. JB Jones Borro LLC, managed by Spin Ridge and partnering with Bayring, is in escrow for additional properties and will negotiate a Disposition and Development Agreement (DDA) with the city. The ENA authorizes staff to negotiate but does not approve the project, which will require further city council and parking authority approval. The council was recommended to authorize the mayor and parking authority chairperson to execute the ENA with JB Jones Borro LLC for specified parcels in downtown Oxnard.