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Subject: Fox Theater Restoration
From: Community and Economic Development Agency
Recommendation: Adopt an Agency Resolution authorizing the Agency Administrator to negotiate and execute an Exclusive Negotiation Agreement with Fox Theater 1 Corporation, to develop the Fox Theater and attached wrap-around buildings into a performing arts center and home for the Oakland School for the Arts, and authorizing the expenditure of up to eight hundred thousand dollars ( $800,000.00) for testing, design, cleanup and related work during the exclusive negotiating period
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