Title
Subject: Rehabilitate And Stabilize Wallace Street Properties
From: Community And Economic Development Agency
Recommendation: Adopt The Following Pieces Of Legislation:
1) An Agency Resolution Amending Resolution No. 2008-0087 C.M.S.To Rescind A Contribution Of Central City East Redevelopment Funds In The Amount Of $500,000 To The City Of Oakland Under The Cooperation Agreement For Engineering And Slope Stabilization Work At 2621, 2631, And 2633 Wallace Street; And Reallocating Such Funds To A Grant To The Adjoining Property Owners, James G. Gong And Ying S. Gong, In An Amount Not To Exceed $500,000 Under An Owner Participation Agreement To Perform Such Work; And