City of Oakland - File #: 15-1021

• File #: 15-1021
• Version: 1
• Name: Foothill Seminary Point Construction Gap Loan & Line Of Credit
• Type: City Resolution
• Status: Passed
• File created: 5/10/2016
• In control: Meeting of the Oakland City Council
• On agenda: 6/7/2016
• Final action: 6/7/2016
• Title: Subject: Foothill Seminary Point Construction Gap Loan & Line Of Credit From: Economic & Workforce Development Department Recommendation: Conduct A Public Hearing And Upon Conclusion Adopt A Resolution Authorizing A $2,000,000 Loan And A $1,500,000 Line Of Credit To Sunfield Development LLC, Seminary Point LLC, And/Or COCRF Seminary Point, LLC, Or Affiliated Entities, To Be Used For Development Of The Foothill Seminary Point Neighborhood Commercial Retail Center Project
• Sponsors: Economic & Workforce Development Department

Date	Ver.	Action By	Action	Result
6/7/2016	1	* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council	Adopted	Pass
5/24/2016	1	Concurrent Meeting of the Oakland Redevelopment Successor Agency and the Community and Economic Development Committee	Approved the Recommendation of Staff, and Forward	Pass
5/12/2016	1	*Rules & Legislation Committee	Scheduled

Title

Subject:                     Foothill Seminary Point Construction Gap Loan & Line Of Credit

From:                                          Economic & Workforce Development Department

Recommendation:  Conduct A Public Hearing And Upon Conclusion Adopt A Resolution Authorizing A $2,000,000 Loan And A $1,500,000 Line Of Credit To Sunfield Development LLC, Seminary Point LLC, And/Or COCRF Seminary Point, LLC, Or Affiliated Entities, To Be Used For Development Of The Foothill Seminary Point Neighborhood Commercial Retail Center Project