pages: SpecialFinanceAndManagementCommittee/2012-11-27.pdf, 4
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SpecialFinanceAndManagementCommittee | 2012-11-27 | *Special Finance & Management Meeting Minutes November 27, 2012 Committee 7 Subject: Goldman Sachs Swap Agreement Termination From: Finance And Management Agency Recommendation: Adopt A Resolution Of The City Council Of The City Of Oakland Authorizing The City Administrator To Negotiate And Terminate The City's Interest Rate Swap Agreement With Goldman Sachs & Co. To The Extent That The City Is Able To Do So At A Below Market Value Cost And Not Later Than The End Of The Next Fiscal Year, June 30, 2013 11-0424-1 A motion was made by Member Brooks, seconded by Member Kernighan, that this matter be *Approve the Recommendation of Staff, and Forward to the Meeting of the Oakland City Council, due back on December 4, 2012. The motion carried by the following vote: Votes: Councilmember Excused: Member Brunner Councilmember Aye: Member Brooks, Member Kernighan and Chair De La Fuente The committee received the report and reaffirmed the council's earlier resolution to terminate the swap and conduct no further business with Goldman Sachs. The committee further directed staff to come to the November 29, 2012 Rules committee and schedule a report on the process to debar Goldman Sachs. View Report.pdf View Supplemental Report.pdf 8 Subject: 2011 - 2012 Fourth Quarter Revenue Results From: Office Of The City Administrator Recommendation: Receive A Report On Fiscal Year 2011-2012 Fourth Quarter Revenue And Expenditure Results And Year-End Summaries For Four Selected Funds - General Purpose Fund (1010), Landscape & Lighting Assessment District Fund (2310), Equipment Fund (4100) And Facilities Fund (4400); And Overtime Analysis For The General Purpose Fund (1010) And All Funds 12-0077 A motion was made by Member Kernighan, seconded by Member Brooks, that this matter be *Received and Forwarded to the Meeting of the Oakland City Council, due back on December 4, 2012. The motion carried by the following vote: Votes: Councilmember Excused: Member Brunner Councilmember Aye: Member Brooks, Member Kernighan and Chair De La Fuente As a consent item. View Report.pdf City of Oakland Page 4 Printed on 12/17/12 | 4 | SpecialFinanceAndManagementCommittee/2012-11-27.pdf |