8 16-55 Subject: Fox Theater Loan Assignment And Guarantee
From: Economic And Workforce Development
Recommendation: Adopt The Following Pieces Of Legislation:
1) A Resolution Authorizing The Agency Administrator To Consent To The Assignment Of The $1.4 Million Loan Agreement Between The Agency And Fox Theater Master Tenant, LLC To Assign The $1.4 Million Loan To Fox Oakland Theater, Inc. And Subordinate The Loan To A New $4,600,000 Loan; And