City of Oakland - File #: 09-0357

• File #: 09-0357
• Version: 1
• Name: Fox Theater Project Loan Amendment
• Type: City Resolution
• Status: Passed
• File created: 4/21/2009
• In control: Meeting of the Oakland City Council
• On agenda: 5/12/2009
• Final action: 5/19/2009
• 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

Date	Ver.	Action By	Action	Result
5/19/2009	1	Concurrent Meeting of the Oakland Redevelopment Agency / City Council
5/12/2009	1	*Concurrent Meeting of the Redevelopment Agency and Council Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
4/23/2009	1	*Rules & Legislation Committee

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