pages: OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2016-01-05.pdf, 3
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OaklandRedevelopmentSuccessorAgencyandtheCityCouncil | 2016-01-05 | Concurrent Meeting of the Oakland Meeting Minutes - FINAL January 5, 2016 Redevelopment Successor Agency and the City Council 7.8 Subject: Coliseum Transit Village Owner Participation Agreement (OPA) From: Economic & Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Authorizing The City Administrator Or Designee To Negotiate And Execute (1) An Owner Participation Agreement Among The City Of Oakland ("City"), The Oakland Economic Development Corporation ("OEDC") And Urban Core Partners, LLC ("Urban Core") Or The City And A Related Entity Of OEDC And Urban Core And (2) A Development Loan Agreement Among The City, OEDC And Urban Core Or The City And A Related Entity Of OEDC And Urban Core For A Loan Amount Not To Exceed Eleven Million Six Hundred Thousand Dollars ($11,600,000) Comprised Of: (A) $8,000,000 In Previously Approved Oakland City Council Resolution No. 84516 C.M.S. Redevelopment Project Area Excess Bond Spending Plan Uses: Coliseum Transit Village Phase I; (B) Re-Allocating $3,200,000 In 2006 Coliseum Taxable Bond Funds From Coliseum BART Station Transit Village Infrastructure Project To The Coliseum Transit Village Phase I Project; And (C) Amending The Coliseum Redevelopment Project Area Excess Bond Spending Plan To Re-Appropriate And Re-Allocate Excess Bond Proceeds In The Amount Of $400,000 Previously Listed And Committed In The Approved Bond Spending Plan To The Coliseum City Specific Plan All In Connection With The Coliseum Transit Village Phase I Project; And 15-0409 Attachments: View Report View Supplemental Report Vice Mayor Kaplan stated the reason for recusal and was noted absent at 7:01 p.m. There were 3 speakers on this item. A motion was made by Reid, seconded by Gallo, that this matter be Adopted. The motion carried by the following vote: Recused: 1 - Kaplan Aye: 7 - Brooks, Campbell Washington, Gallo, Guillén, Kalb, Reid, and Gibson McElhaney 2) A Resolution Authorizing The City Administrator Or Designee To Negotiate And Execute A Memorandum Of Understanding ("MOU") With The Bay Area Rapid Transit District ("BART") For Purposes Of Providing Additional Coliseum BART Station Surface Parking Between 69th And 75th Avenues On The City Owned Parking Lot Located On Snell Street (APN # 041-4170-005-04), And Along City Right Of Way On A Portion Of 71st Avenue And On Snell Street Between 69th And 75th Avenues 15-0410 A motion was made by Reid, seconded by Gallo, that this matter be Adopted. The motion carried by the following vote: City of Oakland Page 3 Printed on 1/20/2016 | 3 | OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2016-01-05.pdf |