File #: 21-0460    Version:
Type: City Resolution Status: Passed
File created: 6/1/2021 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 6/15/2021 Final action: 6/15/2021
Title: Subject: United Together Manor Loan Modification And Extension From: Housing And Community Development Department Recommendation: Adopt A Resolution Amending Oakland Redevelopment Agency Resolutions No. 89-87 C.M.S., And Resolution No. 93.29 C.M.S., To Authorize The City Administrator To Modify The Loans To United Together, Inc., For The United Together Manor Project By: (1) Extending The Maturity Date From January 2025 To January 2054; And (2) Reducing The Interest Rate From Six Percent Per Annum To Three Percent Per Annum, And Adopting Appropriate California Environmental Quality Act (CEQA) Findings
Sponsors: Housing And Community Development Department
Attachments: 1. View Report, 2. View Legislation, 3. 88693 CMS

Title

Subject:                     United Together Manor Loan Modification And Extension                     

From:                                          Housing And Community Development Department                                                               

Recommendation: Adopt A Resolution Amending Oakland Redevelopment Agency Resolutions No. 89-87 C.M.S., And Resolution No. 93.29 C.M.S., To Authorize The City Administrator To Modify The Loans To United Together, Inc., For The United Together Manor Project By: (1) Extending The Maturity Date From January 2025 To January 2054; And (2) Reducing The Interest Rate From Six Percent Per Annum To Three Percent Per Annum, And Adopting Appropriate California Environmental Quality Act (CEQA) Findings