File #: 05-0555-1b    Version: 1 Name:
Type: Report and Recommendation Status: Passed
File created: 10/6/2005 In control: Meeting of the Oakland City Council
On agenda: Final action: 10/18/2005
Title: B) Discussion Of And Direction On Alternative Loan Repayment Strategies In The Matter Of Pill Hill Printing's HUD Section 108 And EDI Principal Loan Amounts Totaling $240,000 Including Full Repayment Of Section 108 Loan By April 30, 2006, Deferral For A Period Not To Exceed 18 Months Payments To The EDI Loan, Determination Of Appropriate Collateral Required To Secure Remaining Notes And Authorization Of City Administrator To Execute A Restructuring Plan Consistent With City Council Direction
Sponsors: Community & Economic Development Agency
Title
B) Discussion Of And Direction On Alternative Loan Repayment Strategies In The Matter Of Pill Hill Printing's HUD Section 108 And EDI Principal Loan Amounts Totaling $240,000 Including Full Repayment Of Section 108 Loan By April 30, 2006, Deferral For A Period Not To Exceed 18 Months Payments To The EDI Loan, Determination Of Appropriate Collateral Required To Secure Remaining Notes And Authorization Of City Administrator To Execute A Restructuring Plan Consistent With City Council Direction