S7.14 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