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Agenda Item

3.8 21-0460 Subject: United Together Manor Loan Modification and Extension From: Housing And Community Development Department Recommendation: Adopt A Resolution Amending Oakland Redevelopment Agency Resolutions No. 89-87 C.M.S., And Resolution No. 93.29 C.M.S., To Authorize The City Administrator Or Designee To Modify The Loans To United Together, Inc., For The United Together Manor Project By: (1) Extending The Maturity Date From January 2025 To January 2054; And (2) Reducing The Interest Rate From Six Percent Per Annum To Three Percent Per Annum, And Adopting Appropriate California Environmental Quality Act (CEQA) Findings; On The June 15, 2021 City Council Agenda On Consent