Title
Subject: Restated Memorandum Of Agreement For The Oakland Army Base
From: Community And Economic Development Committee Agenda
Recommendation: Adopt The Following Pieces Of Legislation:
1) An Agency Resolution Authorizing The Agency Administrator To: 1) Execute Amendment To The 2008 Amended And Restated Memorandum Of Agreement Between City Of Oakland, Oakland Redevelopment Agency And Port Of Oakland For The Oakland Army Base Which Primarily Modifies The Manner In Which Reimbursements For Remediation Costs Are Submitted To And Paid From Remediation Accounts, 2) Create A New Fund For The Army Base Joint Environmental Remediation Account, 3) Appropriate Five Million Seven Hundred Forty-One Thousand Four Hundred Seventy-Seven Dollars ($5,741,477) From The Obra Leasing & Utility Fund (9575) Into 'The Army Base Joint Environmental Remediation Account Fund, 4)1 Accept Five Million Seven Hundred Forty-One Thousand Four Hundred Seventy-Seven Dollars ($5,741,477) From The Port Of Oakland For Deposit Into The Army Base Joint Remediation Account Fund, And 5) Appropriate And Expend Up To Eleven Million Four Hundred Eighty-Two Thousand Nine Hundred Fifty-Three Dollars ($11,482,953) For The Army Base Joint Remediation Program Activities