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OaklandRedevelopmentSuccessorAgencyandtheCityCouncil,2013-11-19,"*
Concurrent Meeting of the
Meeting Minutes
November 19, 2013
Oakland Redevelopment
Successor Agency and the City
Council
S-15
Subject:
Condemning The Ongoing Impacts Of Predatory Lending
From:
President Pro Tempore Rebecca Kaplan
Recommendation: Adopt A Resolution Recognizing The Devastating Effect Of The
Foreclosure Crisis On Local Communities, Appreciating The City Of Richmond's Leadership
In Efforts To Assist Homeowners At Risk Of Foreclosure To Remain In Their Homes, And,
Asking The City Attorney To Provide The Oakland City Council With A Legal Analysis Of
The Richmond Strategy And Legal Implications Of Acting Similarly. [TITLE CHANGE]
13-0116
A motion was made by President Pro Tempore Kaplan, seconded by
Councilmember Schaaf, that this matter be Adopted as Amended. The
motion carried by the following vote:
Votes: ORAICouncilmember Excused: 1 - Vice Mayor Reid
ORAICouncilmember Ayes: 7 - Councilmember Brooks, Councilmember
Gallo, Councilmember Gibson McElhaney, Councilmember Kalb, President Pro
Tempore Kaplan, Councilmember Schaaf and Council President Kernighan
The City Council adopted the amended resolution with the following revisions:
Revised Title: ""Resolution Recognizing The Devastating Effect Of The
Foreclosure Crisis On Local Communities, Supporting The City Of Richmond's
Strategy Of Local Principle Reduction To Assist Homeowners In Risk Of
Foreclosure Remain In Their Homes""
Delete the last 3 ""Further Resolved"" paragraphs.
Add ""appreciates the City of Richmond's leadership in efforts to assist
homeowners at risk of. foreclosure to remain in their homes. And supports"" in
the first Resolved paragraph.
Revise the first Further Resolved paragraph as follows: ""That the Oakland City
Council calls on Wall Street banks, and other financial institutions to stop
threatening our communities with reprisals and litigation and instead work with
them to negotiate principal reduction for underwater mortgages to current
market values in order to stop the housing crisis, strengthen local economies
and help keep families in their homes; and be it""
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84719 C.M.S.pdf
City of Oakland
Page 26
Printed on 12/11/13",26,OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2013-11-19.pdf