pages: RulesAndLegislationCommittee/2018-03-15.pdf, 5
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RulesAndLegislationCommittee | 2018-03-15 | *Rules & Legislation Committee Meeting Minutes - FINAL March 15, 2018 Subject: Negative Fund Repayment Plan and Recommendations From: Finance Department Recommendation: Adopt A Resolution Authorizing The City Administrator To (1) Remove Or Reallocate Appropriations In Specified Funds With Negative Fund Balances And No Sources Of Revenue; (2) Revise The Existing Repayment Schedule To Add 10 Year Repayment Plans For Specified Funds With Negative Fund Balances As Part Of The FY 2019-21 Proposed Policy Budget 18-0159 Attachments: View Report View Supplemental Report 3/9/2018 View Report 4/5/2018 87140 CMS Councilmember McElhaney made a motion seconded by President Reid to approve the urgency finding for this item to be placed on the March 20, 2018 Council Agenda for the following reasons: That there is a need to take immediate action which came to the attention of the local body after the agenda was posted, and that the need to take immediate action (1) is required to avoid a substantial adverse impact that would occur if the action were deferred to a subsequent special or regular meeting. This City Resolution be Scheduled.to go before the * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council to be heard 3/20/2018 City of Oakland Page 5 Printed on 5/17/2018 | 5 | RulesAndLegislationCommittee/2018-03-15.pdf |