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 Oakland Redevelopment |
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Agency Joint Powers Financing Authority and Finance and |
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Management Committee |
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Hearing Room 1, City Hall, 1 Frank H. Ogawa Plaza |
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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
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Councilmember Present: 4 - Member Quan, Member Nadel, Member Brunner |
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and Member De La Fuente |
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The Oakland City Council Finance and Management Committee convened at |
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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
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A motion was made by Member De La Fuente, seconded by Member |
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Brunner, to *Approve the Minutes. The motion carried by the following |
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vote: |
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Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
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Member De La Fuente |
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 with the following amendments. The motion carried |
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by the following vote: |
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Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
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Member De La Fuente |
FROM FOR TRACKING PURPOSES
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Subject: Advisory And Litigation Costs And Trends |
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From: Office of the City Attorney |
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Recommendation: Receive An Informational Report From The City Attorney Regarding |
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Advisory And Litigation Costs And Trends (06-0775) |
Scheduled to *Finance & Management Committee on 10/24/2006
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From: Finance And Management Agency |
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Recommendation: Receive An Informational Report On The Current Number Of Authorized |
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Vacancies (06-0779) |
Scheduled to *Finance & Management Committee on 9/26/2006
FROM BOARDS/COMMISSION REPORTS
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Subject: Civil Service Board Quarterly Report |
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From: Finance and Management Agency |
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Recommendation: Receive An Informational Report On The Civil Service Board (06-0776) |
Scheduled to *Finance & Management Committee on 9/26/2006
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Subject: Police And Fire Retirement System Quarterly Report |
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From: Finance and Management Agency |
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Receive An Informational Report Regarding The Police and Fire Retirement Board, regarding |
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the Police and Fire Retirement System (PFRS) (06-0778) |
Scheduled to *Finance & Management Committee on 9/26/2006
3
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Subject: Coliseum Area Redevelopment Project 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) An Agency Resolution Authorizing The Issuance And Prescribing The Terms, Conditions |
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And Forms Of Not To Exceed $30,555,000 Principal Amount Of The Redevelopment Agency |
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Of The City Of Oakland Coliseum Area Redevelopment Project Tax Allocation Bonds, Series |
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2006B And $77,850,000 Principal Amount Of The Redevelopment Agency Of The City Of |
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Oakland Coliseum Area Redevelopment Project Tax Allocation Bonds, Series 2006B-T |
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(Federally Taxable), Authorizing The Refunding Of The Outstanding Coliseum Area |
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Redevelopment Project Tax Allocation Bonds, Series 2003, Approving The Form Of And |
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Authorizing The Execution And Delivery Of An Indenture of Trust, A Bond Purchase Contract |
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And An Escrow Agreement; Approving The Form Of An Authorizing The Distribution Of A |
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Preliminary Official Statement And Authorizing Execution And Delivery Of An Official |
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Statement; Approving The Selection And Retention Of A Financing Team; Authorizing |
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Payment Of Costs Of Issuance; Allocating Bond Proceeds To Finance Redevelopment |
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Activities In The Redevelopment Project Area; And Authorizing And Approving Necessary |
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Actions In Connection Therewith; And (06-0658) |
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2) A Resolution Of The Oakland Joint Powers Financing Authority Authorizing The Purchase |
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And Sale Of Not To Exceed $30,555,000 Principal Amount Of Redevelopment Agency Of The |
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City Of Oakland Coliseum Area Redevelopment Project Tax Allocation Bonds, Series 2006B |
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And Not To Exceed $77,850,000 Principal Amount Of Redevelopment Agency Of The City Of |
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Oakland Coliseum Area Redevelopment Project Tax Allocation Bonds, Series 2006B-T |
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(Federally Taxable), Upon Certain Terms And Conditions, Approving Distribution Of Official |
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Statement Relating Thereto, And Providing Other Matters Properly Relating Thereto; And |
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(06-0658-1) |
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3) A Resolution Of The City Council Of The City Of Oakland Approving Issuance By The |
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Redevelopment Agency Of The City Of Oakland Of Not To Exceed $30,555,000 Principal |
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Amount Of The Redevelopment Agency Of The City Of Oakland Coliseum Area |
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Redevelopment Project Tax Allocation Bonds, Series 2006B, And $77,850,000 Principal |
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Amount Of The Redevelopment Agency Of The City Of Oakland Coliseum Area |
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Redevelopment Project Tax Allocation Bonds, Series 2006B-T (Federally Taxable), And |
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Providing Other Matters Properly Relating Thereto (06-0658-2) |
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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 September 19, 2006 as a Non-Consent |
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item. The motion carried by the following vote: |
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Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
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Member De La Fuente |
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The Committee directed staff to prepare a supplemental report including the |
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following information: A forecast of when we are expecting the monies from the |
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redevelopment projects to come back to the city and a time line showing |
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projects on-line (beginning and ending) and the taxes being paid.as a |
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Non-Consent item. |
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The following individual(s) spoke and did not indicate a position on this item: |
4
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Subject: Central City East Redevelopment Project 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) An Agency Resolution Authorizing The Issuance And Prescribing The Terms, Conditions |
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And Forms Of Not To Exceed $15,800,000 Principal Amount Of The Redevelopment Agency |
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Of The City Of Oakland Central City East Redevelopment Project Tax Allocation Bonds, |
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Series 2006A And $66,550,000 Principal Amount Of The Redevelopment Agency Of The City |
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Of Oakland Central City East Redevelopment Project Tax Allocation Bonds, Series 2006A-T |
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(Federally Taxable), Approving The Form Of And Authorizing The Execution And Delivery Of |
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An Indenture Of Trust And A Bond Purchase Contract; Approving The Form Of And |
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Authorizing The Distribution Of A Preliminary Official Statement And Authorizing Execution |
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And Delivery Of An Official Statement; Approving The Selection And Retention Of A |
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Financing Team; Authorizing Payment Of Costs Of Issuance; Allocating Bond Proceeds To |
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Finance Redevelopment Activities In The Redevelopment Project Area; And Authorizing And |
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Approving Necessary Actions In Connection Therewith; And (06-0659) |
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2) A Resolution Of The Oakland Joint Powers Financing Authorizing The Purchase And Sale |
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Of Not To Exceed $15,800,000 Principal Amount Of Redevelopment Agency Of The City Of |
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Oakland Central City East Redevelopment Project Tax Allocation Bonds, Series 2006A And |
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Not to Exceed $66,550,000 Principal Amount Of Redevelopment Agency of The City Of |
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Oakland Central City East Redevelopment Project Tax Allocation Bonds, Series 2006A-T |
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(Federally Taxable), Upon Certain Terms And Conditions, Approving Distribution Of Official |
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Statement Relating Thereto, And Providing Other Matters Properly Relating Thereto; And |
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(06-0659-1) |
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3) A Resolution Of The City Council Of The City Of Oakland Approving Issuance By The |
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Redevelopment Agency Of The City Of Oakland Of Not To Exceed $15,800,000 Principal |
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Amount Of The Redevelopment Agency Of The City Of Oakland Central City East |
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Redevelopment Project Tax Allocation Bonds, Series 2006A, And $66,550,000 Principal |
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Amount Of The Redevelopment Agency Of The City Of Oakland Central City East |
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Redevelopment Project Tax Allocation Bonds, Series 2006A-T (Federally Taxable), And |
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Providing Other Matters Properly Relating Thereto (06-0659-2) |
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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 September 19, 2006 as a Non-Consent |
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item. The motion carried by the following vote: |
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Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
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Member De La Fuente |
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The Committee directed staff to prepare a supplemental report including the |
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following information: A forecast of when we are expecting the monies from the |
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redevelopment projects to come back to the city and a time line showing |
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projects on-line (beginning and ending) and the taxes being paid. |
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The following individual(s) spoke and did not indicate a position on this item: |
5
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Subject: Broadway/MacArthur/San Pablo Redevelopment Project 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) An Agency Resolution Authorizing The Issuance And Prescribing The Terms, Conditions |
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And Form Of Not To Exceed $6,940,000 Principal Amount Of The Redevelopment Agency Of |
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The City Of Oakland Broadway/MacArthur/San Pablo Redevelopment Project Tax Allocation |
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Bonds, Series 2006C And $14,330,000 Principal Amount Of The Redevelopment Agency Of |
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The City Of Oakland Broadway/MacArthur/San Pablo Redevelopment Project Tax Allocation |
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Bonds, Series 2006C-T (Federally Taxable), Approving The Form Of And Authorizing The |
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Execution And Delivery Of An Indenture Of Trust And A Bond Purchase Contract; Approving |
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The Form Of And Authorizing The Distribution Of A Preliminary Official Statement And |
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Authorizing Execution And Delivery Of An Official Statement; Approving The Selection And |
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Retention Of A Financing Team; Authorizing Payment of Costs Of Issuance; Allocating Bond |
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Proceeds To Finance Redevelopment Activities In The Redevelopment Project Area; And |
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Authorizing And Approving Necessary Actions In Connection Therewith; And (06-0660) |
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2) A Resolution Of The Oakland Joint Powers Financing Authority Authorizing The Purchase |
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And Sale Of Not To Exceed $6,940,000 Principal Amount Of Redevelopment Agency Of The |
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City Of Oakland Broadway/MacArthur/San Pablo Redevelopment Project Tax Allocation |
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Bonds, Series 2006C And Not To Exceed $14,330,000 Principal Amount Of Redevelopment |
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Agency Of The City Of Oakland Broadway/MacArthur/San Pablo Redevelopment Project Tax |
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Allocation Bonds, Series 2006C-T (Federally Taxable), Upon Certain Terms And Conditions, |
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Approving Distribution Of Official Statement Relating Thereto, And Providing Other Matters |
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Properly Relating Thereto; And (06-0660-1) |
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3) A Resolution Of The City Council Of The City Of Oakland Approving Issuance By The |
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Redevelopment Agency Of The City Of Oakland Of Not To Exceed $6,940,000 Principal |
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Amount Of The Redevelopment Agency Of The City Of Oakland Broadway/MacArthur/San |
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Pablo Redevelopment Project Tax Allocation Bonds, Series 2006C, And $14,330,000 Principal |
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Amount Of The Redevelopment Agency Of The City Of Oakland Broadway/MacArthur/San |
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Pablo Redevelopment Project Tax Allocation Bonds, Series 2006C-T (Federally Taxable), And |
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Providing Other Matters Properly Relating Thereto (06-0660-2) |
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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 September 19, 2006 as a Non-Consent |
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item. The motion carried by the following vote: |
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Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
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Member De La Fuente |
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The Committee directed staff to prepare a supplemental report including the |
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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 |
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projects on-line (beginning and ending) and the taxes being paid. |
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The following individual(s) spoke and did not indicate a position on this item: |
6
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Subject: Gerald Cheney Sales Agreement |
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From: Community and Economic Development Agency |
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Recommendation: Adopt An Ordinance Authorizing The City Administrator To Enter Into A |
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Purchase And Sales Agreement To Sell To Gerald Cheney, The Adjoining Property Owner, A |
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City Owned Parcel Containing Approximately 7,200 Square Feet Located At The Terminus Of |
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Northwood Court (APN# 048E-7319-40) For The Fair Market Value Of $90,000.00 (06-0672) |
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A motion was made by Member Brunner, seconded by Member Nadel, that |
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this matter be *Approve as Amended 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 September 19, 2006 as a Consent |
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Calendar item. The motion carried by the following vote: |
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Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
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Member De La Fuente |
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The Committee amended the ordinance and deed to state that the property |
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could not be gated. |
7
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Subject: Urban Search And Rescue Material Storage Agreement |
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From: Community and Economic Development Agency |
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Recommendation: Adopt A Resolution Authorizing The City Administrator To Amend A |
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Lease With Willard And Celeste Korn For An Additional 3 Years And 3 Months Beginning |
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July 2006, At 35 Hegenberger Place In The Amount Of $63,960 Per Year Plus An Annual 4% |
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Rent Escalator, For The Storage Of Urban Search And Rescue Material For The Oakland Fire |
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Department (06-0671) |
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A motion was made by Member De La Fuente, seconded by Member |
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Brunner, 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 September 19, 2006 as a Consent |
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Calendar item. The motion carried by the following vote: |
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Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
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Member De La Fuente |
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The Committee directed staff to prepare a supplemental report that would |
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address the following: 1) Why that site was selected; 2) What is the overall |
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grant size; and 3) What is the clear fiscal impact of the lease? |
8
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Subject: Ingress And Egress At 4683 And 4689 Benevides Avenue |
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From: Community and Economic Development Agency |
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Recommendation: Adopt An Ordinance Authorizing The City Administrator To Negotiate And |
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Execute A Five Year License Agreement With Shay And Olivia Harting And Carol Cordray, |
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With Options To Extend The License Term, To Accommodate An Existing Driveway For |
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Ingress And Egress Located At 4683 And 4689 Benevides Avenue (APN: 024-0551-001) On |
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Approximately 2,000 Square Feet Of City Owned Parkland Located Along The Westerly Edge |
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Of Dimond Park (06-0662) |
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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 as Amended the Recommendation of |
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Staff, and Forward to the Concurrent Meeting of the Oakland |
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Redevelopment Agency / City Council, due back on September 19, 2006 as |
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a Consent Calendar item. The motion carried by the following vote: |
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Councilmember Abstained: Member Brunner |
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Councilmember Aye: Member Quan, Member Nadel and Member De La Fuente |
The Committee amended the ordinance to place the revenue in fund 1820.
9
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Subject: Cash Management Report |
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From: Finance and Management Agency |
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Recommendation: Receive An Informational Cash Management Report For The Quarter Ended |
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June 30, 2006 (06-0678) |
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A motion was made by Member Brunner, seconded by Member Nadel, that |
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this matter be *Received and Filed. The motion carried by the following |
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vote: |
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Councilmember Aye: Member Quan, Member Nadel, Member Brunner and |
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Member De La Fuente |
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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 Finance and Management Committee adjourned the meeting at |
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3:00 P.M. |
*
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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. |
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 |
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hours prior to the meeting so we can make reasonable arrangements to ensure accessibility. |
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Also, in compliance with Oakland's policy for people with environmental illness or multiple |
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chemical sensitivities, please refrain from wearing strongly scented products to meetings. |
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Office of the City Clerk - Agenda Management Unit |
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Recorded Agenda: (510) 238-2386 |
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Telecommunications Display Device: (510) 839-6451 (TDD) |
City Clerk and Clerk of the Council
