pages: RulesAndLegislationCommittee/2015-10-22.pdf, 8
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RulesAndLegislationCommittee | 2015-10-22 | *Rules & Legislation Committee Meeting Minutes October 22, 2015 4.19 Subject: Sale Of Parcel At 1148 71st Avenue From: Economic & Workforce Development Department Recommendation: Adopt An Ordinance Authorizing City Administrator Or Designee To Negotiate And Execute A Purchase And Sales Agreement Between The City Of Oakland And Belter Palma And Juana Trujillo (Collectively, "Purchasers") For The Sale Of City-Owned Property Located At 1148 71st Avenue (APN 041-4135-028) For Tweny-Five Thousand Dollars ($25,000) 15-0255 Attachments: View Report 13345 This Ordinance was Scheduled.to the *Community & Economic Development Committee to be heard 11/10/2015 4.20 Subject: Loan Restructuring For Hismen Hin-Nu And Marcus Garvey Commons From: Housing & Community Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Amending Resolution Nos. 89-108, 90-92,2011-0017, 83921, And 84586 C.M.S. To Modify The Terms Of Existing Loans To The Marcus Garvey Commons Affordable Housing Project At 721 A Wood Street To (1) Allow The New Owner To Assume And Assign The Loans In Order To Consolidate The Loans With Loans For The Hismen Hin-Nu Terrace Project, (2) Extend The Maturity Date To 55 Years, And (3) Change The Interest Rate From 3% To The Applicable Federal Rate; And 15-0256 Attachments: View Report 85895 CMS This City Resolution was Scheduled.to the *Community & Economic Development Committee to be heard 11/10/2015 2) A Resolution Amending Resolution Nos. 84038 And 85471 C.M.S. To Modify The Terms Of A $1,517,000 Loan To East 14th Street Housing Associates For The Hismen Hin-Nu Terrace Affordable Housing Project To (1) Allow The New Owner To Assume And Assign The Loan In Order To Consolidate The Loan With Loans For The Marcus Garvey Commons Project, (2) Extend The Maturity Date To 55 Years, And (3) Change The Interest Rate From 3% To The Applicable Federal Rate 15-0257 Attachments: 85896 CMS This City Resolution was Scheduled.to the *Community & Economic Development Committee to be heard 11/10/2015 City of Oakland Page 8 Printed on 12/15/2015 | 8 | RulesAndLegislationCommittee/2015-10-22.pdf |