File #: 05-0369    Version: 1 Name: Oakland Renaissance - Agreement
Type: City Resolution Status: Passed
File created: 5/4/2005 In control: Concurrent Meeting of the Oakland Redevelopment Agency / City Council
On agenda: 6/28/2005 Final action: 7/19/2005
Title: Subject: Oakland Renaissance - Agreement From: Community and Economic Development Agency Recommendation: Conduct A Public Hearing And Upon Conclusion Adopt the Following Pieces of Legislation: 1) A Resolution Approving A Disposition And Development Agreement And Related Documents Between The Redevelopment Agency Of The City Of Oakland And Oakland Renaissance NMTC, A Non-profit Entity (Renaissance), For The Sale And Development Of The Fox Theater As A Mixed Use Entertainment, Office And School Development; In Which The Agency Appropriates The Following Financial Assistance To Renaissance For Development Of The Project: (A) An Agency Loan Of $13 Million; (B) Transfer Of $4,985,00 Of State Of California Proposition 55 Grant Funds; (C) Transfer Of $2,887,500 Of State Of California Proposition 40 Grant Funds; (D) Transfer Of $1,300,00 Insurance Proceeds For Fire Damage At The Fox Theater, And (E) Transfer Of A $375,000 California Heritage Grant; and
Sponsors: Community & Economic Development Agency
Attachments: 1. View Report.pdf, 2. View Supplemental Report.pdf, 3. 79382 CMS.pdf
Title
Subject:      Oakland Renaissance - Agreement
From:            Community and Economic Development Agency
Recommendation: Conduct A Public Hearing And Upon Conclusion Adopt the Following Pieces of Legislation:
 
1) A Resolution Approving A Disposition And Development Agreement And Related Documents Between The Redevelopment Agency Of The City Of Oakland And Oakland Renaissance NMTC, A Non-profit Entity (Renaissance), For The Sale And Development Of The Fox Theater As A Mixed Use Entertainment, Office And School Development;  In Which The Agency Appropriates The Following Financial Assistance To Renaissance For Development Of The Project: (A) An Agency Loan Of $13 Million; (B) Transfer Of $4,985,00 Of State Of California Proposition 55 Grant Funds; (C) Transfer Of $2,887,500 Of State Of California Proposition 40 Grant Funds; (D) Transfer Of $1,300,00 Insurance Proceeds For Fire Damage At The Fox Theater, And (E) Transfer Of A $375,000 California Heritage Grant; and