File #: 05-0369-1    Version: 1 Name:
Type: City Resolution Status: Passed
File created: 6/13/2005 In control: Concurrent Meeting of the Oakland Redevelopment Agency / City Council
On agenda: Final action: 7/19/2005
Title: 2) A Resolution: (1) Authorizing The Agency Administrator To Approve And Execute A Disposition And Development Agreement And Related Documents With Oakland Renaissance NMTC, A Non-Profit Entity, For The Sale And Development Of The Fox Theater As A Mixed Use Entertainment, Office And School Development; And (2) Approving And Appropriating The Following Financial Assistance To Renaissance For Development Of The Project: (A) An Agency Loan Of $13 Million; (B) Transfer Of $4,985,000 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
Sponsors: Community & Economic Development Agency
Attachments: 1. View Report.pdf, 2. View Supplemental Report.pdf, 3. 2005-0046 CMS.pdf
Title
2) A Resolution: (1) Authorizing The Agency Administrator To Approve And Execute A Disposition And Development Agreement And Related Documents With Oakland Renaissance NMTC, A Non-Profit Entity, For The Sale And Development Of The Fox Theater As A Mixed Use Entertainment, Office And School Development;  And (2) Approving And Appropriating The Following Financial Assistance To Renaissance For Development Of The Project: (A) An Agency Loan Of $13 Million; (B) Transfer Of $4,985,000 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