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Agenda Item

15-0259 2) A Resolution Authorizing The City Administrator Or Designee To Negotiate And Execute A Development Loan Agreement In The Amount Of $7,050,000 With The Spanish Speaking Unity Council Of Alameda County, Inc. For The Fruitvale Transit Village Phase IIA Project By: (A) Amending The Central City East Redevelopment Project Area Excess Bond Spending Plan By Re-Appropriating And Re-Allocating $2,550,000 Million From Central City East Bond Funds-Major Projects; (B) Amending The Coliseum Redevelopment Project Area Excess Bond Spending Plan By Re-Appropriating And Re-Allocating Coliseum Redevelopment Project Area Excess Bond Proceeds-Coliseum City Master Developer ENA In The Amount Of $500,000 Previously Listed And Committed In The Approved Bond Spending Plan To Other Bond-Eligible Projects And/Or Programs For A Total Of $3,050,000 Bond Funds; And (C) Allocating $4 Million Of Proposition 1c Funds From The State Of California's Housing And Community Development Department As A Loan To The Fruitvale Transit Village Phase IIA Project; On The November 10, 2015 Community & Economic Development Committee Agenda