City of Oakland - File #: 09-0271

• File #: 09-0271
• Version: 1
• Name: Educational Revenue Augmentation Fund Adjustment
• Type: City Resolution
• Status: In Council
• File created: 3/31/2009
• In control: Meeting of the Oakland City Council
• On agenda: 4/28/2009
• Final action: 5/5/2009
• Title: Subject: Educational Revenue Augmentation Fund Adjustment From: Community and Economic Development Agency Recommendation: Adopt An Agency Resolution Amending Resolution Number 01-85 C.M.S. To Decrease The Redevelopment Agency's Contribution Of The Additional 5% To The Low And Moderate Income Housing Fund By An Amount Sufficient To Provide A Proportional Share Of The Amount Required To Be Paid To The Educational Revenue Augmentation Fund (ERAF) In Fiscal Year 2008-2009, And In Fiscal Year 2009-2010 And Fiscal Year 2010-2011 If A Payment To The ERAF Is Required, And Reallocating $2,504,000 In Fiscal Year 2008-2009 ERAF Payments To Non-Housing Redevelopment Funds

Date	Ver.	Action By	Action	Result
5/5/2009	1	Concurrent Meeting of the Oakland Redevelopment Agency / City Council	Withdrawn with No New Date
4/28/2009	1	*Concurrent Meeting of the Redevelopment Agency and Council Community & Economic Development Committee	Approved as Amended the Recommendation of Staff, and Forward	Pass
4/2/2009	1	*Rules & Legislation Committee

Title

Subject:      Educational Revenue Augmentation Fund Adjustment

From:            Community and Economic Development Agency

Recommendation: Adopt An Agency Resolution Amending Resolution Number 01-85 C.M.S. To Decrease The Redevelopment Agency's Contribution Of The Additional 5% To The Low And Moderate Income Housing Fund By An Amount Sufficient To Provide A Proportional Share Of The Amount Required To Be Paid To The Educational Revenue Augmentation Fund (ERAF) In Fiscal Year 2008-2009, And In Fiscal Year 2009-2010 And Fiscal Year 2010-2011 If A Payment To The ERAF Is Required, And Reallocating $2,504,000 In Fiscal Year 2008-2009 ERAF Payments To Non-Housing Redevelopment Funds