pages: OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2019-05-21.pdf, 25
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OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard | 2019-05-21 | Concurrent Meeting of the Oakland Meeting Minutes - FINAL May 21, 2019 Redevelopment Successor Agency / City Council/Geologic Hazard Abatement District Board NO VOTE: 0 S17 Subject: Naming Rights Agreement For Oakland-Alameda County Coliseum From: Council President Kaplan, Vice Mayor Reid And City Attorney Parker Recommendation: Adopt A Resolution Authorizing The Council's Representatives On The Oakland-Alameda County Coliseum Joint Powers Authority ("JPA") Board To Vote To Approve The Naming Rights Licensing Agreement Between The JPA And Ringcentral, Inc, For The Oakland-Alameda County Coliseum With (1) A Three Year Term Ending June 30,2022, (2) An Annual Licensing Fee Of One Million Dollars ($1,000,000), (3) An Option For Ringcentral To Extend The Agreement For An Additional 12 To 18 Months And (4) Ringcentral's Right To Rename The Coliseum Ringcentral Stadium (Or Such Other Name That Ringcentral Selects) For The Term Along With The Replacement Of Relevant Signage, Media Collateral, And Marketing Materials 18-1824 Attachments: View Report 87706 CMS Councilmember Kaplan made a motion seconded by Councilmember Reid to approve the urgency finding on item 17 for the following reasons: That there is a need to take immediate action which came to the attention of the local body after the agenda was posted, and that the need to take immediate action is required to avoid a substantial adverse impact that would occur if the action were deferred to a subsequent special or regular meeting A motion was made by Larry Reid, seconded by Noel Gallo, that this matter be Approved. The motion carried by the following vote: Excused: 1 - McElhaney Aye: 7 - Bas, Taylor, Thao, Reid, Gallo, Kalb, and Kaplan NO VOTE: 0 The Roll Call was modified to note Councilmember Reid excused at 11:40 p.m. City of Oakland Page 25 Printed on 6/7/2019 | 25 | OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2019-05-21.pdf |