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OaklandRedevelopmentSuccessorAgencyandtheCityCouncil,2013-05-21,"*
Concurrent Meeting of the
Meeting Minutes
May 21, 2013
Oakland Redevelopment
Successor Agency and the City
Council
14
Subject:
Debarment Process For Goldman Sachs
From:
Councilmember Desley Brooks
Recommendation: Adopt A Resolution Amending City Council Resolution No. 83962
Authorizing The City Administrator To Negotiate And Terminate The City's Interest Rate
Swap Agreement With Goldman Sachs & Co. To The Extent That The City Is Able To Do So
At A Below Market Value Cost And Not Later Than The End Of The Next Fiscal Year, June
30, 2013, To Provide That If Such Agreement Is Not Reached The City Will Pursue All
Appropriate Recourse To Exclude Them From Future City Business
12-0314-1
A motion was made by Councilmember Brooks, seconded by
Councilmember Kalb, that this matter be Adopted. The motion carried by
the following vote:
Votes: ORAICouncilmember Ayes: 8 - Councilmember Gallo, Councilmember Gibson
McElhaney, Councilmember Kalb, President Pro Tempore Kaplan,
Councilmember Schaaf, Vice Mayor Reid, Council President Kernighan and
Councilmember Brooks
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City of Oakland
Page 22
Printed on 6/5/13",22,OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2013-05-21.pdf