pages: OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2019-05-21.pdf, 28
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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 Excused: 3 - - McElhaney, Taylor, and Reid Aye: 5 - Bas, Thao, Gallo, Kalb, and Kaplan NO VOTE: 0 2) A Resolution (1) Authorizing An Additional Unsecured Predevelopment Loan In The Amount Of $3,532,000 To Midpen Housing Corporation, Or Affiliated Entities, To Support The Development Of Affordable Housing On Parcel A At Brooklyn Basin, And Amend Existing Predevelopment Loans To 0% Interest, (2) Authorizing A Secured Affordable Housing Development Loan In An Amount Not To Exceed $29,775,000, To Midpen Housing Corporation, Or Affiliated Entities, To Support The Development Of 254 Units Of Affordable Housing On Parcel A At Brooklyn Basin, (3) Appropriate $2,003,436.22 In Master Developer Fee Contributions And Interest Earnings And $9,984,957.25 In Net Sales Proceeds From The OHA Purchase Of An Ownership Interest In The Affordable Housing Parcels Into Development Financing Of The Affordable Housing Units For Development Of Both Parcel A And Parcel F, And (4) Making CEQA Findings For This Action 18-1752 Attachments: View Report 87708 CMS A motion was made by Nikki Bas, seconded by Noel Gallo, that this matter be Adopted. The motion carried by the following vote: Excused: 3 - McElhaney, Taylor, and Reid Aye: 5 - - Bas, Thao, Gallo, Kalb, and Kaplan NO VOTE: 0 City of Oakland Page 28 Printed on 6/7/2019 | 28 | OaklandRedevelopmentSuccessorAgencyAndCityCouncilAndGeologicHazardAbatementDistrictBoard/2019-05-21.pdf |