pages: RedevelopmentAgencyandFinanceandManagementCommittee/2009-07-14.pdf, 6
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RedevelopmentAgencyandFinanceandManagementCommittee | 2009-07-14 | DRAFT *Special Concurrent Meeting of the Meeting Minutes July 14, 2009 Redevelopment Agency and Finance and Management Committee 7 Subject: Measure K Audit From: Office of the City Auditor Recommendation: Receive The Measure K - 2.5% Set-Aside For The KIDS FIRST! Oakland Children's Fund Peformance Audit - The City Owes Kids First! $647,000 09-0494 Play Video A motion was made by Member De La Fuente, seconded by Member Nadel, that this matter be *Received and Filed. The motion carried by the following vote: Votes: Councilmember Aye: Member Kernighan, Member De La Fuente, Member Nadel and Chair Quan The Committee directed staff to return in September with the following information: 1) Legal Clarification on the 3 objections raised by the Auditors office; 2) Guidance on Broader Issues such as the Committee's intent or non intent to designate certain funding streams as restricted funds (i.e., Library funds, what was the original agreement regarding repayment when City Center was bonded out) and whether or not it was expected to include rents as part of the repayment stream The following individual spoke under this item: - Sanjiv Handa View Report.pdf View Supplemental Report.pdf 8 Subject: Indenture & Loan Agreement Amendment - Uptown Project From: Finance and Management Agency Recommendation: Adopt An Agency Resolution By The Redevelopment Agency Of The City Of Oakland 1) Authorizing Amendments To The Multifamily Housing Revenue Bonds (Uptown Apartments Project) 2005 Series Trust Indenture Between The Agency And Wells Fargo Bank, As Trustee, And Related Loan Agreement Between The Agency And Uptown Housing Partners Extending The Term Of The Current Project Financing By Fourteen Months, And (2) Authorizing Necessary Actions In Connection Therewith 09-0523 A motion was made by Member De La Fuente, seconded by Member Kernighan, that this matter be *Approve the Recommendation of Staff, and Forward to the Concurrent Meeting of the Oakland Redevelopment Agency / City Council, due back on July 21, 2009 as a Non-Consent item The motion carried by the following vote: Votes: Councilmember Aye: Member Kernighan, Member De La Fuente, Member Nadel and Chair Quan The following individual spoke on this item: - Sanjiv Handa View Report.pdf 2009-0080 CMS.pdf City of Oakland Page 6 Printed on 7/30/09 | 6 | RedevelopmentAgencyandFinanceandManagementCommittee/2009-07-14.pdf |