Meeting Minutes
City of Oakland
Oakland, California 94612 |
LaTonda Simmons, City Clerk |
*Concurrent Meeting of the Oakland Redevelopment |
Agency Joint Powers Financing Authority and Finance and |
Management Committee |
Hearing Room 1, City Hall, 1 Frank H. Ogawa Plaza |
City of Oakland Website: http://www.oaklandnet.com |
Tuesday, September 12, 2006
2:00 PM
Hearing Room One - 1st Floor
Roll Call / Call to Order
Councilmember Present: 4 - Member Quan, Member Nadel, Member Brunner |
and Member De La Fuente |
The Oakland City Council Finance and Management Committee convened at |
2:10 PM with Vice Mayor Quan presiding as Chairperson. |
1
Approval of the Draft Minutes from the Committee Meeting held on July 11, 2006
A motion was made by Member De La Fuente, seconded by Member |
Brunner, to *Approve the Minutes. The motion carried by the following |
vote: |
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
Member De La Fuente |
2
Determination of Schedule of Outstanding Committee Items
A motion was made by Member De La Fuente, seconded by Member |
Nadel, to *Approve with the following amendments. The motion carried |
by the following vote: |
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
Member De La Fuente |
FROM FOR TRACKING PURPOSES
Subject: Advisory And Litigation Costs And Trends |
From: Office of the City Attorney |
Recommendation: Receive An Informational Report From The City Attorney Regarding |
Advisory And Litigation Costs And Trends (06-0775) |
Scheduled to *Finance & Management Committee on 10/24/2006
From: Finance And Management Agency |
Recommendation: Receive An Informational Report On The Current Number Of Authorized |
Vacancies (06-0779) |
Scheduled to *Finance & Management Committee on 9/26/2006
FROM BOARDS/COMMISSION REPORTS
Subject: Civil Service Board Quarterly Report |
From: Finance and Management Agency |
Recommendation: Receive An Informational Report On The Civil Service Board (06-0776) |
Scheduled to *Finance & Management Committee on 9/26/2006
Subject: Police And Fire Retirement System Quarterly Report |
From: Finance and Management Agency |
Receive An Informational Report Regarding The Police and Fire Retirement Board, regarding |
the Police and Fire Retirement System (PFRS) (06-0778) |
Scheduled to *Finance & Management Committee on 9/26/2006
3
Subject: Coliseum Area Redevelopment Project Bonds |
From: Finance and Management Agency |
Recommendation: Adopt The Following Pieces Of Legislation: |
1) An Agency Resolution Authorizing The Issuance And Prescribing The Terms, Conditions |
And Forms Of Not To Exceed $30,555,000 Principal Amount Of The Redevelopment Agency |
Of The City Of Oakland Coliseum Area Redevelopment Project Tax Allocation Bonds, Series |
2006B And $77,850,000 Principal Amount Of The Redevelopment Agency Of The City Of |
Oakland Coliseum Area Redevelopment Project Tax Allocation Bonds, Series 2006B-T |
(Federally Taxable), Authorizing The Refunding Of The Outstanding Coliseum Area |
Redevelopment Project Tax Allocation Bonds, Series 2003, Approving The Form Of And |
Authorizing The Execution And Delivery Of An Indenture of Trust, A Bond Purchase Contract |
And An Escrow Agreement; Approving The Form Of An Authorizing The Distribution Of A |
Preliminary Official Statement And Authorizing Execution And Delivery Of An Official |
Statement; Approving The Selection And Retention Of A Financing Team; Authorizing |
Payment Of Costs Of Issuance; Allocating Bond Proceeds To Finance Redevelopment |
Activities In The Redevelopment Project Area; And Authorizing And Approving Necessary |
Actions In Connection Therewith; And (06-0658) |
2) A Resolution Of The Oakland Joint Powers Financing Authority Authorizing The Purchase |
And Sale Of Not To Exceed $30,555,000 Principal Amount Of Redevelopment Agency Of The |
City Of Oakland Coliseum Area Redevelopment Project Tax Allocation Bonds, Series 2006B |
And Not To Exceed $77,850,000 Principal Amount Of Redevelopment Agency Of The City Of |
Oakland Coliseum Area Redevelopment Project Tax Allocation Bonds, Series 2006B-T |
(Federally Taxable), Upon Certain Terms And Conditions, Approving Distribution Of Official |
Statement Relating Thereto, And Providing Other Matters Properly Relating Thereto; And |
(06-0658-1) |
3) A Resolution Of The City Council Of The City Of Oakland Approving Issuance By The |
Redevelopment Agency Of The City Of Oakland Of Not To Exceed $30,555,000 Principal |
Amount Of The Redevelopment Agency Of The City Of Oakland Coliseum Area |
Redevelopment Project Tax Allocation Bonds, Series 2006B, And $77,850,000 Principal |
Amount Of The Redevelopment Agency Of The City Of Oakland Coliseum Area |
Redevelopment Project Tax Allocation Bonds, Series 2006B-T (Federally Taxable), And |
Providing Other Matters Properly Relating Thereto (06-0658-2) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on September 19, 2006 as a Non-Consent |
item. The motion carried by the following vote: |
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
Member De La Fuente |
The Committee directed staff to prepare a supplemental report including the |
following information: A forecast of when we are expecting the monies from the |
redevelopment projects to come back to the city and a time line showing |
projects on-line (beginning and ending) and the taxes being paid.as a |
Non-Consent item. |
The following individual(s) spoke and did not indicate a position on this item: |
4
Subject: Central City East Redevelopment Project Bonds |
From: Finance and Management Agency |
Recommendation: Adopt The Following Pieces Of Legislation: |
1) An Agency Resolution Authorizing The Issuance And Prescribing The Terms, Conditions |
And Forms Of Not To Exceed $15,800,000 Principal Amount Of The Redevelopment Agency |
Of The City Of Oakland Central City East Redevelopment Project Tax Allocation Bonds, |
Series 2006A And $66,550,000 Principal Amount Of The Redevelopment Agency Of The City |
Of Oakland Central City East Redevelopment Project Tax Allocation Bonds, Series 2006A-T |
(Federally Taxable), Approving The Form Of And Authorizing The Execution And Delivery Of |
An Indenture Of Trust And A Bond Purchase Contract; Approving The Form Of And |
Authorizing The Distribution Of A Preliminary Official Statement And Authorizing Execution |
And Delivery Of An Official Statement; Approving The Selection And Retention Of A |
Financing Team; Authorizing Payment Of Costs Of Issuance; Allocating Bond Proceeds To |
Finance Redevelopment Activities In The Redevelopment Project Area; And Authorizing And |
Approving Necessary Actions In Connection Therewith; And (06-0659) |
2) A Resolution Of The Oakland Joint Powers Financing Authorizing The Purchase And Sale |
Of Not To Exceed $15,800,000 Principal Amount Of Redevelopment Agency Of The City Of |
Oakland Central City East Redevelopment Project Tax Allocation Bonds, Series 2006A And |
Not to Exceed $66,550,000 Principal Amount Of Redevelopment Agency of The City Of |
Oakland Central City East Redevelopment Project Tax Allocation Bonds, Series 2006A-T |
(Federally Taxable), Upon Certain Terms And Conditions, Approving Distribution Of Official |
Statement Relating Thereto, And Providing Other Matters Properly Relating Thereto; And |
(06-0659-1) |
3) A Resolution Of The City Council Of The City Of Oakland Approving Issuance By The |
Redevelopment Agency Of The City Of Oakland Of Not To Exceed $15,800,000 Principal |
Amount Of The Redevelopment Agency Of The City Of Oakland Central City East |
Redevelopment Project Tax Allocation Bonds, Series 2006A, And $66,550,000 Principal |
Amount Of The Redevelopment Agency Of The City Of Oakland Central City East |
Redevelopment Project Tax Allocation Bonds, Series 2006A-T (Federally Taxable), And |
Providing Other Matters Properly Relating Thereto (06-0659-2) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on September 19, 2006 as a Non-Consent |
item. The motion carried by the following vote: |
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
Member De La Fuente |
The Committee directed staff to prepare a supplemental report including the |
following information: A forecast of when we are expecting the monies from the |
redevelopment projects to come back to the city and a time line showing |
projects on-line (beginning and ending) and the taxes being paid. |
The following individual(s) spoke and did not indicate a position on this item: |
5
Subject: Broadway/MacArthur/San Pablo Redevelopment Project Bonds |
From: Finance and Management Agency |
Recommendation: Adopt The Following Pieces Of Legislation: |
1) An Agency Resolution Authorizing The Issuance And Prescribing The Terms, Conditions |
And Form Of Not To Exceed $6,940,000 Principal Amount Of The Redevelopment Agency Of |
The City Of Oakland Broadway/MacArthur/San Pablo Redevelopment Project Tax Allocation |
Bonds, Series 2006C And $14,330,000 Principal Amount Of The Redevelopment Agency Of |
The City Of Oakland Broadway/MacArthur/San Pablo Redevelopment Project Tax Allocation |
Bonds, Series 2006C-T (Federally Taxable), Approving The Form Of And Authorizing The |
Execution And Delivery Of An Indenture Of Trust And A Bond Purchase Contract; Approving |
The Form Of And Authorizing The Distribution Of A Preliminary Official Statement And |
Authorizing Execution And Delivery Of An Official Statement; Approving The Selection And |
Retention Of A Financing Team; Authorizing Payment of Costs Of Issuance; Allocating Bond |
Proceeds To Finance Redevelopment Activities In The Redevelopment Project Area; And |
Authorizing And Approving Necessary Actions In Connection Therewith; And (06-0660) |
2) A Resolution Of The Oakland Joint Powers Financing Authority Authorizing The Purchase |
And Sale Of Not To Exceed $6,940,000 Principal Amount Of Redevelopment Agency Of The |
City Of Oakland Broadway/MacArthur/San Pablo Redevelopment Project Tax Allocation |
Bonds, Series 2006C And Not To Exceed $14,330,000 Principal Amount Of Redevelopment |
Agency Of The City Of Oakland Broadway/MacArthur/San Pablo Redevelopment Project Tax |
Allocation Bonds, Series 2006C-T (Federally Taxable), Upon Certain Terms And Conditions, |
Approving Distribution Of Official Statement Relating Thereto, And Providing Other Matters |
Properly Relating Thereto; And (06-0660-1) |
3) A Resolution Of The City Council Of The City Of Oakland Approving Issuance By The |
Redevelopment Agency Of The City Of Oakland Of Not To Exceed $6,940,000 Principal |
Amount Of The Redevelopment Agency Of The City Of Oakland Broadway/MacArthur/San |
Pablo Redevelopment Project Tax Allocation Bonds, Series 2006C, And $14,330,000 Principal |
Amount Of The Redevelopment Agency Of The City Of Oakland Broadway/MacArthur/San |
Pablo Redevelopment Project Tax Allocation Bonds, Series 2006C-T (Federally Taxable), And |
Providing Other Matters Properly Relating Thereto (06-0660-2) |
A motion was made by Member De La Fuente, seconded by Member |
Nadel, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on September 19, 2006 as a Non-Consent |
item. The motion carried by the following vote: |
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
Member De La Fuente |
The Committee directed staff to prepare a supplemental report including the |
following information: A forecast of when we are expecting the monies from the |
redevelopment projects to come back to the city and a time line showing |
projects on-line (beginning and ending) and the taxes being paid. |
The following individual(s) spoke and did not indicate a position on this item: |
6
Subject: Gerald Cheney Sales Agreement |
From: Community and Economic Development Agency |
Recommendation: Adopt An Ordinance Authorizing The City Administrator To Enter Into A |
Purchase And Sales Agreement To Sell To Gerald Cheney, The Adjoining Property Owner, A |
City Owned Parcel Containing Approximately 7,200 Square Feet Located At The Terminus Of |
Northwood Court (APN# 048E-7319-40) For The Fair Market Value Of $90,000.00 (06-0672) |
A motion was made by Member Brunner, seconded by Member Nadel, that |
this matter be *Approve as Amended the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on September 19, 2006 as a Consent |
Calendar item. The motion carried by the following vote: |
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
Member De La Fuente |
The Committee amended the ordinance and deed to state that the property |
could not be gated. |
7
Subject: Urban Search And Rescue Material Storage Agreement |
From: Community and Economic Development Agency |
Recommendation: Adopt A Resolution Authorizing The City Administrator To Amend A |
Lease With Willard And Celeste Korn For An Additional 3 Years And 3 Months Beginning |
July 2006, At 35 Hegenberger Place In The Amount Of $63,960 Per Year Plus An Annual 4% |
Rent Escalator, For The Storage Of Urban Search And Rescue Material For The Oakland Fire |
Department (06-0671) |
A motion was made by Member De La Fuente, seconded by Member |
Brunner, that this matter be *Approve the Recommendation of Staff, and |
Forward to the Concurrent Meeting of the Oakland Redevelopment |
Agency / City Council, due back on September 19, 2006 as a Consent |
Calendar item. The motion carried by the following vote: |
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
Member De La Fuente |
The Committee directed staff to prepare a supplemental report that would |
address the following: 1) Why that site was selected; 2) What is the overall |
grant size; and 3) What is the clear fiscal impact of the lease? |
8
Subject: Ingress And Egress At 4683 And 4689 Benevides Avenue |
From: Community and Economic Development Agency |
Recommendation: Adopt An Ordinance Authorizing The City Administrator To Negotiate And |
Execute A Five Year License Agreement With Shay And Olivia Harting And Carol Cordray, |
With Options To Extend The License Term, To Accommodate An Existing Driveway For |
Ingress And Egress Located At 4683 And 4689 Benevides Avenue (APN: 024-0551-001) On |
Approximately 2,000 Square Feet Of City Owned Parkland Located Along The Westerly Edge |
Of Dimond Park (06-0662) |
A motion was made by Member Nadel, seconded by Member De La |
Fuente, that this matter be *Approve as Amended the Recommendation of |
Staff, and Forward to the Concurrent Meeting of the Oakland |
Redevelopment Agency / City Council, due back on September 19, 2006 as |
a Consent Calendar item. The motion carried by the following vote: |
Councilmember Abstained: Member Brunner |
Councilmember Aye: Member Quan, Member Nadel and Member De La Fuente |
The Committee amended the ordinance to place the revenue in fund 1820.
9
Subject: Cash Management Report |
From: Finance and Management Agency |
Recommendation: Receive An Informational Cash Management Report For The Quarter Ended |
June 30, 2006 (06-0678) |
A motion was made by Member Brunner, seconded by Member Nadel, that |
this matter be *Received and Filed. The motion carried by the following |
vote: |
Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
Member De La Fuente |
The following individual(s) spoke and did not indicate a position on this item: |
Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES)
The following individual(s) spoke under Open Forum: |
Adjournment
There being no further business, and upon the motion duly made, the Oakland |
City Council Finance and Management Committee adjourned the meeting at |
3:00 P.M. |
*
In the event of a quorum of the City Council participates on this Committee, the meeting is |
noticed as a Special Meeting of the City Council; however no final City Council action can |
be taken. |
NOTE:
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