City of Oakland - File #: 04-0382

• File #: 04-0382
• Version: 1
• Name: Coliseum Gardens - Phase I Project Interest Rates
• Type: City Resolution
• Status: Passed
• File created: 4/28/2004
• In control: Meeting of the Oakland City Council
• On agenda: 5/25/2004
• Final action: 6/1/2004
• Title: Subject: Coliseum Gardens - Phase I Project Interest Rates From: Community and Economic Development Agency Recommendation: Adopt the following two pieces of legislation: 1) Resolution to amend City Council Resolution Number 77656 C.M.S. to change interest rate terms of $500,000 of a $1,500,000 loan to East Bay Asian Local Development Corporation and the related companies of California jointly for the Coliseum Gardens - Phase I Project from an applicable Federal rate (currently 2.52%) to 0% interest; and
• Sponsors: Community & Economic Development Agency

Date	Ver.	Action By	Action	Result
6/1/2004	1	Meeting of the Oakland City Council	Adopted	Pass
5/25/2004	1	*Concurrent Meeting of the Redevelopment Agency and Council Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
4/29/2004	1	*Rules & Legislation Committee	Scheduled

Title

Subject:      Coliseum Gardens - Phase I Project Interest Rates

From:            Community and Economic Development Agency

Recommendation: Adopt the following two pieces of legislation:

1) Resolution to amend City Council Resolution Number 77656 C.M.S. to change interest rate terms of $500,000 of a $1,500,000 loan to East Bay Asian Local Development Corporation and the related companies of California jointly for the Coliseum Gardens - Phase I Project from an applicable Federal rate (currently 2.52%) to 0% interest; and

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