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Agenda Item

6 17-0153 Subject: Fox Theater Loan Assignment From: Economic And Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) A Resolution Authorizing The Assumption From The Oakland Redevelopment Successor Agency ("ORSA") Of Approximately $47.5 Million In Loans Made By ORSA To Fox Oakland Theater, Inc., For The Renovation Of The Fox Theater, And Authorizing A Compensation Agreement With ORSA To Pay 30% Of Loan Repayments; And