pages: OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee/2017-07-11.pdf, 6
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OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee | 2017-07-11 | * Special Concurrent Meeting of the Meeting Minutes - FINAL July 11, 2017 Oakland Redevelopment Successor Agency and Community & Economic Development Committee 7 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 Attachments: View Report View Report 86873 CMS A motion was made by Larry Reid, seconded by Lynette McElhaney, that this matter be Approve the Recommendation of Staff, and Forward to go before the Concurrent Meeting of the Oakland Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board, to be heard 7/18/2017. The motion carried by the following vote: Aye 4 - Campbell Washington Reid McElhaney, Gallo NO VOTE 0 8 Subject: 12th Street Remainder DDA Assignment From: Economic And Workforce Development Department Recommendation: Adopt A Resolution Authorizing The Partial Assignment Of The Disposition And Development Agreement Between The City Of Oakland And Urbancore Development LLC ("Urbancore") And Lakehouse Commons Affordable Housing, LP For The Sale And Development Of The 12th Street Remainder Parcel Located At E12th Street And Second Ave From Urbancore To Lakehouse Commons LLC Or Its Related Entities Or Affiliates 16-1292 Attachments: View Report 86849 CMS There were 4 speakers on this item. A motion was made by Noel Gallo, seconded by Larry Reid, that this matter be Approve the Recommendation of Staff, and Forward to go before the Concurrent Meeting of the Oakland Redevelopment Successor Agency / City Council / Geologic Hazard Abatement District Board, to be heard 7/18/2017. The motion carried by the following vote: City of Oakland Page 6 Printed on 11/30/2017 | 6 | OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee/2017-07-11.pdf |