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RulesAndLegislationCommittee,2017-06-29,"*Rules & Legislation Committee
Meeting Minutes - FINAL
June 29, 2017
4.21
Subject:
Brooklyn Basin Affordable Housing Parcels: Joint Ownership Agreement
From:
Housing And Community Development Department
Recommendation: Adopt An Ordinance Authorizing (1) The Sale Of An Undivided 50
Percent Interest In The Affordable Housing Parcels At Brooklyn Basin To The
Oakland Housing Authority Or Affiliate For A Purchase Price Of $10 Million, And (2) A
Joint Ownership Agreement With The Oakland Housing Authority Or Affiliate
Governing The Joint Ownership, Disposition And Operation Of The Property
16-1312
Sponsors: Housing And Community Development Department
Attachments: View Report
This Ordinance be Scheduled.to go before the *Community & Economic
Development Committee to be heard 7/11/2017
4.22
Subject:
Purchase The HUD-Held Mortgage Loan Secured By E.C. Reems Garden
Apartments
From:
Housing And Community Development Department
Recommendation: Adopt A Resolution (1) Authorizing The Purchase Of A HUD-Held
Mortgage Loan Secured By E.C. Reems Garden Apartments Located At 2700
Alvingroom Court (The ""Property"") For A Purchase Price Of Up To $4,000,000 Plus
Accrued Interest, And (2) Authorizing The City Administrator To Take Actions To
Facilitate The Preservation And Rehabilitation Of The Property, Including Contracting
With An Interim Property Management Company, Foreclosing On City Loans Secured
By The Property, And/Or Assigning City Loans Or Lien Rights On The Property To An
Affordable Housing Entity
16-1313
Sponsors: Housing And Community Development Department
Attachments: View Report
View Report
This City Resolution be Scheduled.to go before the *Community & Economic
Development Committee to be heard 7/11/2017
City of Oakland
Page 12
Printed on 7/25/2017",12,RulesAndLegislationCommittee/2017-06-29.pdf