File #: 22-0923    Version: Name:
Type: City Resolution Status: Passed
File created: 11/16/2022 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 12/6/2022 Final action: 12/6/2022
Title: 2) A Resolution (A) Authorizing The City Administrator To Accept Revenues Payable From Ike Smart City LLC, Including A One Time Payment Of $250,000.00, A Minimum Annual Guarantee Of $10,000.00 Per Commissioned Kiosk, Revenue Sharing Equal To Thirty-Five (35) Percent Of Annual Net Revenues Above The Minimum Guarantee, And Ongoing Payments Of $65,000.00 Per Year For Reimbursement Of Staff Costs For Managing The Franchise Agreement And Kiosks, (B) Appropriating Revenues And Expenses Totaling $282,500.00 Each In Fiscal Year 2022-2023 Budget, And (C) Adopting Appropriate California Environmental Quality Act Findings; And
Attachments: 1. View Legislation, 2. 89514 CMS
Related files: 22-0922, 22-0924

Title

2)                     A Resolution (A) Authorizing The City Administrator To Accept Revenues Payable From Ike Smart City LLC, Including A One Time Payment Of $250,000.00, A Minimum Annual Guarantee Of $10,000.00 Per Commissioned Kiosk, Revenue Sharing Equal To Thirty-Five (35) Percent Of Annual Net Revenues Above The Minimum Guarantee, And Ongoing Payments Of $65,000.00 Per Year For Reimbursement Of Staff Costs For Managing The Franchise Agreement And Kiosks, (B) Appropriating Revenues And Expenses Totaling $282,500.00 Each In Fiscal Year 2022-2023 Budget, And (C) Adopting Appropriate California Environmental Quality Act Findings; And