This legislation approves a termination plan for the Oakland Redevelopment Successor Agency (ORSA), transferring its assets, liabilities (excluding bond liabilities), and agreements to the City of Oakland. It also authorizes writing off uncollectable ORSA loans as bad debts and includes related environmental quality act findings.

Subject: Oakland Redevelopment Successor Agency Termination Plan From: Economic And Workforce Development Department Recommendation: Adopt The Following Pieces Of Legislation: 1) An ORSA Resolution Approving A Termination Plan For The Oakland Redevelopment Successor Agency (ORSA); Authorizing The Transfer Of All Assets, Liabilities, And Interests Of ORSA, Other Than Bond Liabilities, To The City Of Oakland, Including All Remaining Active Loans, All Disposition And Development Agreements And Owner Participation Agreements, And All Real Property Assets; Authorizing An Assignment, Transfer, And Compensation Agreement With The City Of Oakland With Respect To Such Transfers; Writing Off Uncollectable ORSA Loans As Bad Debts; And Making Related California Environmental Quality Act Findings; And