pages: OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee/2018-06-26.pdf, 4
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OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee | 2018-06-26 | * Special Concurrent Meeting of the Meeting Minutes - FINAL June 26, 2018 Oakland Redevelopment Successor Agency and Community & Economic Development Committee Aye 3 - Campbell Washington McElhaney, Gallo NO VOTE 0 8 Subject: Harrison Hotel & San Pablo Hotel Loan Term Changes From: Housing & Community Development Department Recommendation: Adopt The Following Pieces Of Legislation; 1) A Resolution Amending Resolution Nos. 70597 And 80571 C.M.S. To Extend The Maturity Date And Authorize The Reduction Of The Interest Rate Of The Existing Loan To The Harrison Hotel Affordable Housing Project; And 18-0572 Attachments: View Report 87244 CMS A motion was made by Noel Gallo, seconded by Lynette McElhaney, that this matter be Approved the Recommendation of Staff, and Forward to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council, to be heard 7/17/2018. The motion carried by the following vote: Excused 1 Reid Aye 3 - - Campbell Washington McElhaney, Gallo NO VOTE 0 2) A Resolution Amending The Existing Affordable Housing Loan For The San Pablo Hotel Project At 1955 San Pablo Avenue To (1) Approve The Assignment And Assumption Of The Loan From San Pablo Hotel Associates To San Pablo Associates II, LP, (2) Terminate The City Regulatory Agreement And Amend And Extend The Former Redevelopment Agency Regulatory Agreement, (3) Extend The Loan Term, And (4); Reduce The Interest Rate To The Applicable Federal Rate; And 18-0573 Attachments: View Report 87245 CMS A motion was made by Noel Gallo, seconded by Lynette McElhaney, that this matter be Approved the Recommendation of Staff, and Forward to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council, to be heard 7/17/2018. The motion carried by the following vote: Excused 1 - Reid Aye 3 - - Campbell Washington McElhaney, Gallo NO VOTE 0 City of Oakland Page 4 Printed on 7/23/2018 | 4 | OaklandRedevelopmentSuccessorAgencyandCommunityAndEconomicDevelopmentCommittee/2018-06-26.pdf |