4.12 15-0409 Subject: Coliseum Transit Village Owner Participation Agreement (OPA) From: Economic & Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Authorizing The City Administrator Or Designee To Negotiate And Execute (1) An Owner Participation Agreement Between The City Of Oakland ("City"), The Oakland Economic Development Corporation ("OEDC") And Urban Core Partners, LLC ("Urban Core") And (2) A Development Loan Agreement Between The City, OEDC And Urban Core For A Loan Amount Not To Exceed Eleven Million Six Hundred Dollars ($11,600,000) For The Coliseum Transit Village Phase I Project By: (A) Utilizing $8,000,000 In Previously Approved Project Funds From The Coliseum Redevelopment Bond Expenditure Agreement; And (B) Re-Allocating $3,200,000 Million In 2006 Coliseum Taxable Bond Funds For The Coliseum Transit Village Phase I Project; And (C) Amending The Coliseum Redevelopment Bond Spending Plan By Re-Appropriating And Re-Allocating Coliseum Redevelopment Taxable Bond Funds- Coliseum City Specific Plan In The Amount Of $400,000 For A Total Of $11,600,000 In Coliseum Taxable Bond Funds; And