pages: SpecialFinanceAndManagementCommittee/2017-06-13.pdf, 7
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SpecialFinanceAndManagementCommittee | 2017-06-13 | *Special Finance & Management Meeting Minutes - FINAL June 13,2017 Committee 9 Subject: Linked Banking Services Ordinance Amendment From: Housing and Community Development Recommendation: Adopt An Ordinance Amending Ordinance No. 12066 C.M.S. Establishing The Linked Banking Services Program To Require Eligible Depositories To Submit Improvement Plans And Other Information Concerning Banking And Lending Practices As Required By The City Administrator 16-1087 Attachments: View Report View Supplemental Report View Supplemental Report 13445 CMS Proof of Publication 13445 A motion was made by councilmember Gallo, and Seconded by Councilmember Kalb that the amendments provided by councilmember Kaplan be included in the Ordinance. The amendments are as follow; 1. Add subsection 4 to the definitions of "Eligible Depository" as set forth below: 4. "Does not "Support the Dakota Access Pipeline", "Violate Indigenous Sovereignty", or "Support Mass Incarceration" as defined below; and" 2. Add the following definitions in Section 2 to the Ordinance: F. "Support the Dakota Access Pipeline": Direct investment in, or provision of loans, credit, bonds or similar debt instruments, or underwriting services to, entities organized to carry out the construction of the Dakota Access Pipeline, operate the Dakota Access Pipeline, or operate pipeline and energy infrastructure connected to the Dakota Access Pipeline, As of December 2016, such companies include Energy Transfer Partners, Energy Transfer Equity L.P., Dakota Access LLC, and Sunoco Logistics, G. "Violate indigenous sovereignty": any act that: violates the standards set out in the international finance corporations environmental and social sustainability performance standards 7; or that violates articles 11, 12, or 25 of the united nations declaration on the rights of indigenous people; or that violates indigenous Peoples Right to free, prior and informed consent; or that violates a treaty of the United States. H. "Support Mass Incarceration": Direct investments in, or provision of loans, credit, bonds or similar debt instruments, or underwriting services to, for-profit corporations that own, lease or operate prisons, jails, immigration detention centers, or youth detention Centers." A substitute motion was made by Vice Mayor Campbell Washington and seconded by President Pro Temp Guillen, that this amendment language be included in the RFP. A Third Motion Was made by Councilmember Kalb, seconded by Councilmember Gallo to approve Councilmember Kaplan's amendments; however adding the language "to provide detailed information that the institution does not support. " before the amendment. City of Oakland Page 7 Printed on 8/23/2017 | 7 | SpecialFinanceAndManagementCommittee/2017-06-13.pdf |