Title
Subject: Fox Theater Project Loan Amendment
From: Community and Economic Development Agency
Recommendation: Adopt An Agency Resolution Authorizing The Agency Administrator To Amend Resolution No. 2008-0077 C.M.S. To: (1) Allow The Agency To Reduce The Loan Amount For Tenant Improvements To Fox Theater Master Tenant, LLC From $2,700,000 To An Amount Not To Exceed $1,400,000 And (2) Authorize Redirecting The Remaining $1,300,000 Of The Original Loan Amount To A Loan Agreement With Friends Of The Oakland Fox To Fund Needed Tenant Improvements In The Fox Theater