Legislation Details

File #: 26-0826    Version: 1
Type: City Resolution Status: In Committee
File created: 6/22/2026 In control: * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
On agenda: 7/21/2026 Final action:
Title: Subject: Seminary Point - Debt And Rent Forgiveness From: Economic And Workforce Development Department Recommendation:Adopt The Following Pieces Of Legislation: 1) A Resolution Authorizing The Forgiveness Of (A) A City Loan To Athena MT, LLC, Of Up To Two Million Dollars ($2,000,000) In Outstanding Principal, Plus All Accrued And Unpaid Interest And Fees, And (B) A City Revolving Line Of Credit To Siavash Afshar With A Final Outstanding Balance Of One Million Five Hundred Thousand ($1,500,000), Plus Accrued And Unpaid Interest And Fees For The Foothill Seminary Point Retail Project, Each Contingent Upon The Sale Or Transfer Of The Project To A Qualified Purchaser; And Making Appropriate California Environmental Quality Act Findings; And
Sponsors: Economic & Workforce Development Department
Attachments: 1. View Report And Attachment A, 2. View Legislation, 3. View Supplemental Report - 7/9/2026
Related files: 26-0827

Title

Subject:                      Seminary Point - Debt And Rent Forgiveness

From:                                           Economic And Workforce Development Department

Recommendation:Adopt The Following Pieces Of Legislation:

 

1) A Resolution Authorizing The Forgiveness Of (A) A City Loan To Athena MT, LLC, Of Up To Two Million Dollars ($2,000,000) In Outstanding Principal, Plus All Accrued And Unpaid Interest And Fees, And (B) A City Revolving Line Of Credit To Siavash Afshar With A Final Outstanding Balance Of One Million Five Hundred Thousand ($1,500,000), Plus Accrued And Unpaid Interest And Fees For The Foothill Seminary Point Retail Project, Each Contingent Upon The Sale Or Transfer Of The Project To A Qualified Purchaser; And Making Appropriate California Environmental Quality Act Findings; And