pages: OaklandRedevelopmentSuccessorAgencyandtheCommunityandEconomicDevelopmentCommittee/2017-10-10.pdf, 4
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OaklandRedevelopmentSuccessorAgencyandtheCommunityandEconomicDevelopmentCommittee | 2017-10-10 | Concurrent Meeting of the Oakland Meeting Minutes - FINAL October 10, 2017 Redevelopment Successor Agency and the Community and Economic Development Committee 6 Subject: Fox Theater Loan Assignment From: Economic And Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Authorizing The Assumption From The Oakland Redevelopment Successor Agency ("ORSA") Of Approximately $47.5 Million In Loans Made By ORSA To Fox Oakland Theater, Inc., For The Renovation Of The Fox Theater, And Authorizing A Compensation Agreement With ORSA To Pay 30% Of Loan Repayments; And 17-0153 Attachments: View Report 86939 CMS A motion was made by Larry Reid, seconded by Noel Gallo, 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 10/17/2017. The motion carried by the following vote: Excused 1 - - McElhaney Aye 3 - - Gallo Campbell Washington, Reid NO VOTE 0 2) A Resolution Authorizing The Assignment To The City Of Oakland Of Approximately $47.5 Million In Loans Made To Fox Oakland Theater, Inc., For Renovation Of The Fox Theater, Contingent On The City Agreeing To Pay 30% Of The Loan Repayments To The Oakland Redevelopment Successor Agency 17-0154 Attachments: View Report 2017-008 CMS This City Resolution 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 10/17/2017 City of Oakland Page 4 Printed on 11/30/2017 | 4 | OaklandRedevelopmentSuccessorAgencyandtheCommunityandEconomicDevelopmentCommittee/2017-10-10.pdf |