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File #: 20-0386    Version: 1 Name:
Type: City Resolution Status: Passed
File created: 5/19/2020 In control: *Rules & Legislation Committee
On agenda: Final action: 6/2/2020
Title: Subject: 7th & Campbell Affordable Housing Unsecured Predevelopment Loan From: Housing And Community Development Department Recommendation: Adopt A Resolution Authorizing The Increase Of An Unsecured Predevelopment Loan To Oakland And The World Enterprises, Inc. And McCormack Baron Salazar, Or Affiliated Entities, To Support The Development Of Affordable Housing At The 7th & Campbell Project Site By $1,550,000 From The Previously Approved $650,000 To A Total Predevelopment Loan Amount Not To Exceed $2,200,000; And Making California Environmental Quality Act Findings For This Action
Attachments: 1. View Report, 2. View Attachment A, 3. View Legislation, 4. 88139 CMS

Title

Subject:                     7th & Campbell Affordable Housing Unsecured Predevelopment Loan                     

From:                                          Housing And Community Development Department                                          

Recommendation: Adopt A Resolution Authorizing The Increase Of An Unsecured Predevelopment Loan To Oakland And The World Enterprises, Inc. And McCormack Baron Salazar, Or Affiliated Entities, To Support The Development Of Affordable Housing At The 7th & Campbell Project Site By $1,550,000 From The Previously Approved $650,000 To A Total Predevelopment Loan Amount Not To Exceed $2,200,000; And Making California Environmental Quality Act Findings For This Action