3.13 24-0532 Subject: Public Bank East Bay Regulatory Approval And Investment From: Councilmember Fife Recommendation: Adopt A Resolution (1) Authorizing The Public Bank East Bay (PBEB) To Apply For Regulatory Approval; (2) Authorizing The City Of Oakland To Become A Founding Member Of The PBEB; And (3) Authorizing The City Administrator To Make Investment Contributions To Capitalize The PBEB; On The July 23, 2024 Finance And Management Committee Agenda - City of Oakland

Meeting: *Rules & Legislation Committee on 2024-06-06 10:30 AM

Meeting Time: June 06, 2024 at 10:30am PDT

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Agenda Item

3.13 24-0532 Subject: Public Bank East Bay Regulatory Approval And Investment From: Councilmember Fife Recommendation: Adopt A Resolution (1) Authorizing The Public Bank East Bay (PBEB) To Apply For Regulatory Approval; (2) Authorizing The City Of Oakland To Become A Founding Member Of The PBEB; And (3) Authorizing The City Administrator To Make Investment Contributions To Capitalize The PBEB; On The July 23, 2024 Finance And Management Committee Agenda