pages: OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2021-12-21.pdf, 13
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OaklandRedevelopmentSuccessorAgencyandtheCityCouncil | 2021-12-21 | * Concurrent Meeting of the Meeting Minutes - FINAL December 21, 2021 Oakland Redevelopment Successor Agency and the City Council 2.20 Subject: Hamilton Apartments Loan Extension From: Housing And Community Development Department Recommendation: Adopt A Resolution Amending Two Affordable Housing Loans Authorized By Redevelopment Agency Resolution Nos. 91-38 C.M.S., 95-09 C.M.S., And 97-73 C.M.S. To 2101 Telegraph Avenue Associates, An Affiliate Of Mercy Housing, Inc., For The Hamilton Apartments Project At 2101 Telegraph Avenue To (1) Extend The Term Of The Loans And Regulatory Agreement By Fifty-Five Years; (2) Reduce The Interest Rate Of The Loans From Six Percent To Three Percent Simple Interest; And (3) Update The Repayment Terms And Other Provisions To Be Consistent With Current City Policies 21-0926 Attachments: View Report View Legislation 88967 CMS This City Resolution was Adopted. 2.21 Subject: 1707 Wood Street Exclusive Negotiation Agreement Extension From: Housing And Community Development Department Recommendation: Adopt A Resolution Amending Resolution No. 87795 C.M.S. To Authorize An Amendment To The Exclusive Negotiation Agreement (ENA) With Midpen Housing Corporation And Habitat For Humanity East Bay/Silicon Valley, Inc., For The Development Of Affordable Housing At The City-Owned Real Property Located At 1707 Wood Street, To Extend The Term By Eighteen Months, With Two Administrative Options To Extend The Term An Additional Six Months And Up To Eighteen Months 21-0906 Attachments: View Report View Legislation 88968 CMS This City Resolution was Adopted. City of Oakland Page 13 Printed on 1/19/2022 | 13 | OaklandRedevelopmentSuccessorAgencyandtheCityCouncil/2021-12-21.pdf |