body,date,text,page,path
OaklandRedevelopmentAgencyAndCityCouncil,2009-04-21,"DRAFT
Concurrent Meeting of the Oakland
Meeting Minutes
April 21, 2009
Redevelopment Agency / City
Council
4) A Resolution Authorizing A Contract With The Unity Council In An Amount Not To Exceed
$250,000 For The Period Of May 1, 2009, To June 30, 2011, For Pre-Purchasing Counseling,
General Homebuyer Education And Post-Purchase Education As Required Under The
Neighborhood Stabilization Program
09-0213-3
A motion was made by Councilmember De La Fuente, seconded by
Councilmember Brooks, that this matter be Adopted as Amended. The
motion carried by the following vote:
Votes: ORAICouncilmember Ayes: 8 - Councilmember Brooks, Councilmember De La
Fuente, Councilmember Kaplan, Councilmember Kernighan, Councilmember
Nadel, Councilmember Quan, Councilmember Reid and President of the Council
Brunner
The Resolutions were amended to modify the second ""Further Resolved"" to read
as follows: FURTHER RESOLVED: That the loan funds shall be reserved for a
period of no more than nine months from the date of this Resolution, and the
making of the loan for each property shall be contingent on Developer's success
in securing commitments for full funding for the acquisition and rehabilitation
of the property; and be it
and to add the following two ""Further Resolved"" paragraphs:
FURTHER RESOLVED: That the by laws governing the Oakland Land Trust
reflect the following governance requirements, which are widely regarded as
best practices: - At least 1/3 of Directors be targeted area residents who are not
CLT homeowners - At least 1/3 of Directors have a technical expertise and/or
represent the general public interest, one of whom must be the City of
Oakland's Deputy Director of Housing or his or her designee; and be it
FURTHER RESOLVED: That all staff will bring an informational report to the
October 20, 2009 Community and Economic Development Committee meeting
to report on whether sufficient commitments to fully fund acquisition and
rehabilitation of all 200 homes, as well as fund the first year of organizational
operating costs have been, or are likely to be, met within the 9 month
reservation period. If as of February 1, 2010, staff determines that such
sufficient commitments of. funding have not been secured, staff will prepare a
recommendation to be heard directly by the full City Council at its March 2,
2010 meeting to adopt an alternative recommendation to insure that all
Neighborhood Stabilization Program funds are obligated by October 1, 2010
In addition the City Attorney was given the authority to remove the City
employee from the Board if there is a conflict of interest
81935 CMS.pdf
City of Oakland
Page 28
Printed on 5/1/09",28,OaklandRedevelopmentAgencyAndCityCouncil/2009-04-21.pdf