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File #: 16-0972    Version: 1 Name: Feasibility And Economic Impact Of Establishing A Public Bank
Type: City Resolution Status: Passed
File created: 4/11/2017 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 9/19/2017 Final action: 9/19/2017
Title: Subject: Feasibility And Economic Impact Of Establishing A Public Bank From: Finance Department Recommendation: Adopt A Resolution (1) Amending The City Of Oakland's Fiscal Year (FY) 2016-17 Midcycle Budget (Which Was Adopted Pursuant To Resolution No. 86250 C.M.S. On June 21,2016) To Appropriate One Hundred Thousand Dollars ($100,000), From The Fiscal Year 2016-17 General Purpose Fund (1010) Balance For A Contract To Complete A Feasibility Study On Public Banking In Oakland, And (2) Authorizing The City Administrator Or Her Designee To Negotiate A Scope Of Work, Terms And Execute A Contract With Global Investment Company In An Amount Not To Exceed One Hundred Thousand Dollars ($100,000)
Sponsors: Finance Department
Attachments: 1. View Report, 2. View Supplemental Report, 3. View Supplemental Report, 4. View Supplemental Report, 5. View Supplemental Report 7.18.17, 6. Red Line Resolution, 7. 86905 CMS

Title

Subject:                     Feasibility And Economic Impact Of Establishing A Public Bank                                          

From:                                          Finance Department                     

Recommendation: Adopt A Resolution (1) Amending The City Of Oakland's Fiscal Year (FY) 2016-17 Midcycle Budget (Which Was Adopted Pursuant To Resolution No. 86250 C.M.S. On June 21,2016) To Appropriate One Hundred Thousand Dollars ($100,000), From The Fiscal Year 2016-17 General Purpose Fund (1010) Balance For A Contract To Complete A Feasibility Study On Public Banking In Oakland, And (2) Authorizing The City Administrator Or Her Designee To Negotiate A Scope Of Work, Terms And Execute A Contract With Global Investment Company In An Amount Not To Exceed One Hundred Thousand Dollars ($100,000)