4.7 17-0153 Subject: Fox Theater Loan Assignment
From: Economic And Workforce Development Department
Recommendation: Adopt The Following Pieces Of Legislation:
1) An Oakland Redevelopment Successor Agency ("ORSA") Resolution Authorizing The Assignment To The City Of Oakland Of Approximately $47.5 Million In Loans Made To Fox Oakland Theater, Inc., For Renovation Of The Fox Theater, Contingent On The City Agreeing To Pay 30% Of The Loan Repayments To ORSA; And