pages: OaklandRedevelopmentSuccessorAgencyandtheCommunityandEconomicDevelopmentCommittee/2018-10-23.pdf, 5
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OaklandRedevelopmentSuccessorAgencyandtheCommunityandEconomicDevelopmentCommittee | 2018-10-23 | Concurrent Meeting of the Oakland Meeting Minutes - FINAL October 23, 2018 Redevelopment Successor Agency and the Community and Economic Development Committee 6 Subject: Loan Term Extension For Madison Park Apartments From: Housing Development Services Recommendation: Adopt A Resolution Amending Oakland Redevelopment Successor Agency Resolution No. 2011-0015 To Extend The Term Of The Existing Madison Park Apartments Loan To The Earlier Of Fifty-Five (55) Years From Permanent Loan Conversion Or December 31, 2076 And To Change The Interest Rate Of The Existing Loan To The Long-Term, Compounding Applicable Federal Rate (AFR) [NEW TITLE] 18-0860 Attachments: View Report View Supplemental Report 10-12-2018 View Supplemental Report 10-19-2018 2018-014 CMS There was 1 speaker on this item A motion was made by Lynette McElhaney, 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 10/30/2018. The motion carried by the following vote: Excused 1 Reid Aye 3 - - Gallo Campbell Washington, McElhaney NO VOTE 0 Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES) 2 Speakers spoke on this item Adjournment There being no further business, and upon the motion duly made, the Oakland City Council Concurrent Meeting of the Oakland Redevelopment Successor Agency and the Community and Economic Development Committee adjourned the meeting at 3:02 p.m. * In the event of a quorum of the City Council participates on this Committee, the meeting is noticed as a Special Meeting of the City Council; however no final City Council action can be taken. City of Oakland Page 5 Printed on 11/13/2018 | 5 | OaklandRedevelopmentSuccessorAgencyandtheCommunityandEconomicDevelopmentCommittee/2018-10-23.pdf |