When and how will the property transfer?

The Navy still owns all of the land. Prior to transfer, the Navy and City/Local Reuse Authority (LRA) must agree to the terms of property transfer; the transfer is anticipated in 2023. Most of the regional open space area has transferred via a Public Benefit Conveyance (PBC) to the East Bay Regional Park District with their sponsor, the U.S. National Park Service. The old Navy administrative area north of Highway 4 will also transfer via a PBC to the County Sheriff/Fire District with their sponsor, the Federal Emergency Management Agency (FEMA). The balance of the property will transfer to the LRA through an Economic Development Conveyance (EDC). 

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1. When and how will the property transfer?
2. How will the transfer of property be phased?
3. What is a Disposition and Development Agreement (DDA)?