City of Oakland - File #: 24-0018

• File #: 24-0018
• Version: 1
• Type: City Resolution
• Status: Passed
• File created: 1/9/2024
• In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
• On agenda: 2/6/2024
• Final action: 2/6/2024
• Title: Subject: Loan For 12th Street Remainder Parcel 1 From: Economic And Workforce Development Department Recommendation: Adopt A Resolution Appropriating $4,000,000 From Ground Rent Loan Payment; Authorizing A $4,000,000 Loan To East 12th Street Housing, L.P. Funded By The Ground Rent Loan Payment For The Development Of 91 Units Of Affordable Housing On A Portion Of The 12th Street Remainder Property Located At East 12th Street And 2nd Avenue; And Adopting California Environmental Quality Act Findings
• Sponsors: Economic & Workforce Development Department

Date	Ver.	Action By	Action	Result
2/6/2024	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Adopted	Pass
1/25/2024	1	*Rules & Legislation Committee	Scheduled
1/23/2024	1	*Community & Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
1/11/2024	1	*Rules & Legislation Committee	Scheduled

Title

Subject:                     Loan For 12^th Street Remainder Parcel 1

From:                                          Economic And Workforce Development Department

Recommendation: Adopt A Resolution Appropriating $4,000,000 From Ground Rent Loan Payment; Authorizing A $4,000,000 Loan To East 12^th Street Housing, L.P. Funded By The Ground Rent Loan Payment For The Development Of 91 Units Of Affordable Housing On A Portion Of The 12th Street Remainder Property Located At East 12th Street And 2nd Avenue; And Adopting California Environmental Quality Act Findings