Meeting Minutes
City of Oakland
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Oakland, California 94612 |
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LaTonda Simmons, City Clerk |
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*Concurrent Meeting of the Joint Powers Financing |
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Authority and Finance and Management Committee |
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Hearing Room 1, 1 Frank H. Ogawa Plaza, Council Chambers, 3rd Floor |
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City of Oakland Website: http://www.oaklandnet.com |
Tuesday, May 10, 2005
2:00 PM
Hearing Room One - 1st Floor
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The Oakland City Council Joint Powers Financing Authority and Finance and |
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Management Committee convened at 2:01 P.M. with Councilmember Quan |
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presiding as Chairperson. |
Roll Call/Call to Order
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Councilmember Excused: 1 - Member Brunner |
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Councilmember Present: 3 - Member De La Fuente, Chair Quan and Member |
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Nadel |
1
Approval of the Draft Minutes from the Committee Meeting held on April 26, 2005
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A motion was made by Member Nadel, seconded by Member De La |
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Fuente, to *Approve the Minutes. The motion carried by the following |
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vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
2
Determination of Schedule of Outstanding Committee Items
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, to Approve as Amended. The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
FROM FOR TRACKING PURPOSES
CASH MANAGEMENT REPORT
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A motion was made to Scheduled to the *Finance & Management |
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Committee, to be heard at the May 24, 2005 meeting The motion carried. |
3
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Subject: Issuance and Sale of Series 2005 Revenue Bonds |
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From: Finance and Management Agency |
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Recommendation: Adopt the following pieces of legislation: |
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1) Resolutions of the City Council of the City of Oakland Approving the Financing of Public |
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Capital Improvements of the Oakland Joint Powers Financing Authority (05-0290) |
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Non Consent Item. |
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The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
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The following individual(s) spoke and did not indicate a position on this item: |
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2) Resolution of the Oakland Joint Powers Financing Authority Authorizing the Issuance and Sale |
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of Revenue Bonds, Series 2005 (City of Oakland General Obligation Bond Program); |
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Authorizing the Procurement of Bond Insurance; Approving the Forms of a Local Obligation |
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Purchase Contract, Trust Agreement, Bond Purchase Agreement and Official Statement; |
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Authorizing the Execution and Delivery Thereof and Authorizing the Taking of all Necessary |
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Actions Relating to the Issuance of the Bonds (05-0290-1) |
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Non Consent Item. |
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The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
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3) Resolution Authorizing the Issuance and Sale of Not to Exceed $140,000,000 Principal |
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Amount of the "City of Oakland General Obligation Refunding Bonds, Series 2005," Prescribing |
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the Terms of the Sale of the 2005 Bonds, Approving Forms of the Local Obligation Purchase |
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Contract and Escrow Agreements, Appointing a Paying Agent and Authorizing Necessary |
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Actions Related Thereto (05-0290-2) |
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Non Consent Item. |
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The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
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The following individual(s) spoke and did not indicate a position on this item: |
4
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Subject: Refunding Revenue Bonds |
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From: Finance and Management Agency |
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Recommendation: Adopt a Resolution of the City Council of the City of Oakland Approving the |
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Issuance By the Oakland Joint Powers Financing Authority of Not to Exceed $178,000,000 |
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Aggregate Principal Amount of Refunding Revenue Bonds in One or More Series to Refund the |
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Authority's Outstanding Lease Revenue Bonds, 1998 Series A; Authorizing Execution and |
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Delivery of an Amended and Restated Lease and Amended and Restated Sublease; and |
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Authorizing Execution of Documents and the Taking of all Necessary Actions Relating to the |
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Refunding Financing with the Oakland Joint Powers Financing Authority; and (05-0322) |
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A motion was made by Member Nadel, seconded by Member De La |
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Fuente, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
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Item. The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
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2) A Resolution of the Oakland Joint Powers Financing Authority Approving the Issuance and |
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Sale of Refunding Revenue Bonds in One or More Series to Refund the Authority's Outstanding |
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Lease Revenue Bonds 1998 Series A; Approving the Forms of and Authorizing Execution and |
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Delivery of an Amended and Restated Lease, An Amended and Restated Sublease, A Trust |
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Agreement and a Bond Purchase Contract and Related Agreements; Authorizing the Procurement |
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of Bond Insurance; and Authorizing Execution of Documents and the Taking of All Necessary |
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Actions Relating to the Issuance of the Bonds (05-0322-1) |
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A motion was made by Member Nadel, seconded by Member De La |
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Fuente, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
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Item. The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
5
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Subject: Issuance and Sale of Tax and Revenue Anticipation Notes |
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From: Finance and Management Agency |
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Recommendation: Adopt an Ordinance providing for the borrowing of funds for Fiscal Year 2005 |
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-2006 in an amount not to exceed $70,000,000 and the issuance and sale of 2005-2006 Tax and |
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Revenue Anticipation Notes therefore, approving the publication of notices in the connection with |
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such sale, and authorizing the award of such notes subject to certain conditions, and certain |
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related matters (05-0298) |
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
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Item. The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
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The following individual(s) spoke and did not indicate a position on this item: |
6
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Subject: CalPERS Contract Amendment - Firefighters Local 55 |
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From: Finance and Management Agency |
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Recommendation: An Ordinance of the City of Oakland Authorizing an Amendment to the |
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Contract Between the City of Oakland and the Board of Administration of the California |
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Employees' Retirement System (CalPERS) that Authorizes Conversion of up to Seventy-Five |
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Percent (75%) of Unused Accumulated Sick Leave to Additional Service Credit for Members of |
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the International Association of Firefighters, Local 55 (05-0297) |
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
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Item. The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
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The following individual(s) spoke and did not indicate a position on this item: |
7
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Subject: Salary Ordinance Amendment - Firefighters Local 55 |
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From: Office of Personnel |
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Recommendation: Adopt An Ordinance Amending the Salary Schedule of Ordinance No. 12347 |
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C.M.S. to Adjust the Salaries of Employees in Job Classifications Represented by the |
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International Association of Firefighters, Local 55 (05-0300) |
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
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Item. The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
8
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Subject: Salary Ordinance Amendment - Oakland Park Rangers Association |
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From: Office of Personnel |
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Recommendation: Approve the Introduction (First Reading) Of An Ordinance amending |
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Ordinance No. 12379 C.M.S. to adjust the wages of Employees represented by the Oakland Park |
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Rangers Association (OPRA) pursuant to a Memorandum of Understanding between the City of |
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Oakland and OPRA (05-0299) |
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
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Item. The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
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The following individual(s) spoke and did not indicate a position on this item: |
9
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Subject: Sale Agreement to Purchase Two Parcels |
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From: Community and Economic Development Agency |
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Recommendation: Ordinance Authorizing The City Administrator, Without Returning to Council, |
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to Enter into and Execute a Purchase and Sale Agreement to Acquire Two Parcels of Land |
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Containing 21,905 SF Known as APN 029-1158-011-03 and APN 029-1159-006-02 Located |
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on Butters Drive For Open Space from the Butters Land Trust in the Amount of One Hundred |
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Fifty Thousand Dollars ($150,000) Plus Closing Costs Not to Exceed Eight Thousands Dollars ($ |
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8,000) from Measure DD Funds (05-0230) |
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
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Item. The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
10
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Subject: Animal Shelter Director Classification Update |
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From: Office of the City Administrator |
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Recommendation: A Report on Recommended Changes to the Salary and Duties of the Animal |
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Control and Shelter Manager Classification (05-0174) |
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A motion was made by Member De La Fuente, seconded by Member |
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Nadel, that this matter be *Approve the Recommendation of Staff, and |
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Forward to the Concurrent Meeting of the Oakland Redevelopment |
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Agency / City Council, due back on May 17, 2005 as a Consent Calendar |
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Item. The motion carried by the following vote: |
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Councilmember Excused: Member Brunner |
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Councilmember Aye: Member De La Fuente, Chair Quan and Member Nadel |
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The following individual(s) spoke in favor of this item: |
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The following individual(s) spoke and did not indicate a position on this item: |
Open Forum (TOTAL TIME AVAILABLE: 15 MINUTES)
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The following individual(s) spoke under Open Forum: |
Adjournment
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There being no further business, and upon the motion duly made, the Oakland |
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City Council the Joint Powers Financing Authority and Finance and |
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Management Committee adjourned the meeting at 3:45 p.m. |
NOTE:
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Americans With Disabilities Act |
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If you need special assistance to participate in Oakland City Council and Committee meetings |
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please contact the Office of the City Clerk. When possible, please notify the City Clerk 48 hours |
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prior to the meeting so we can make reasonable arrangements to ensure accessibility. Also, in |
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compliance with Oakland's policy for people with environmental illness or multiple chemical |
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sensitivities, please refrain from wearing strongly scented products to meetings. |
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Recorded Agenda: (510) 238-2386 |
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Telecommunications Display Device: (510) 839-6451 (TDD) |
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In the event of a quorum of the City Council participates on this Committee, the meeting is |
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noticed as a Special Meeting of the City Council; however no final City Council action can |
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be taken. |
City Clerk and Clerk of the Council
