2.21 20-0544 Subject: Frank G Mar Loan Amendments From: Housing And Community Development Department Recommendation: Adopt A Resolution Amending City Council Resolution No. 83369 C.M.S. And Oakland Redevelopment Agency Resolutions 88-68B C.M.S. And 88-68C C.M.S. To Authorize The City Administrator, Or His Or Her Designee, To Modify Loans For The Frank G Mar Apartments By: (1) Extending The Maturity Dates; (2) Reducing The Interest Rates To The Long-Term Compounding Applicable Federal Rate; And (3) Consolidating And Amending The Loans And Updating Other Terms Of The Loan Documents To Reflect Current City Form Documents And Terms - City of Oakland

Meeting: Special Concurrent Meeting of the Oakland Redevelopment Successor Agency/City Council on 2020-07-28 12:00 PM - Please See The Agenda To Participate In The Meeting

Meeting Time: July 28, 2020 at 12:00pm PDT

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Agenda Item

2.21 20-0544 Subject: Frank G Mar Loan Amendments From: Housing And Community Development Department Recommendation: Adopt A Resolution Amending City Council Resolution No. 83369 C.M.S. And Oakland Redevelopment Agency Resolutions 88-68B C.M.S. And 88-68C C.M.S. To Authorize The City Administrator, Or His Or Her Designee, To Modify Loans For The Frank G Mar Apartments By: (1) Extending The Maturity Dates; (2) Reducing The Interest Rates To The Long-Term Compounding Applicable Federal Rate; And (3) Consolidating And Amending The Loans And Updating Other Terms Of The Loan Documents To Reflect Current City Form Documents And Terms

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