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Agenda Item

11 16-55 Subject: Fox Theater Loan Assignment And Guarantee From: Economic And Workforce Development Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Authorizing The Agency Administrator To Consent To The Assignment Of The $1.4 Million Loan Agreement Between The Agency And Fox Theater Master Tenant, LLC To Assign The $1.4 Million Loan To Fox Oakland Theater, Inc. And Subordinate The Loan To A New $4,600,000 Loan; And