This resolution authorizes the City of Oakland to accept all assets, liabilities (excluding bond liabilities), and interests of the Oakland Redevelopment Successor Agency (ORSA) as outlined in the ORSA Termination Plan. It includes acceptance of active loans, agreements, and real property assets, and authorizes an assignment, transfer, and compensation agreement with ORSA related to these transfers. The resolution also makes related findings under the California Environmental Quality Act.
2) A Resolution Authorizing The Acceptance By The City Of Oakland Of All Assets, Liabilities, And Interests Of The Oakland Redevelopment Successor Agency (ORSA), Other Than Bond Liabilities, Pursuant To The ORSA Termination Plan, 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 ORSA With Respect To Such Transfers; And Making Related California Environmental Quality Act Findings
What it does
- 1Acceptance of all ORSA assets, liabilities (excluding bond liabilities), and interests pursuant to the ORSA Termination Plan
- 2Inclusion of all remaining active loans, disposition and development agreements, owner participation agreements, and real property assets
- 3Authorization of an assignment, transfer, and compensation agreement with ORSA regarding the transfers
- 4Making related California Environmental Quality Act findings
This resolution authorizes the City of Oakland to accept all assets, liabilities (excluding bond liabilities), and interests of the Oakland Redevelopment Successor Agency (ORSA) as outlined in the ORSA Termination Plan. It includes acceptance of active loans, agreements, and real property assets, and authorizes an assignment, transfer, and compensation agreement with ORSA related to these transfers. The resolution also makes related findings under the California Environmental Quality Act.
Activity timeline
- Status changedImpact 50
27-0107: In Committee → Passed
- Status changedImpact 30
27-0107: In Council → In Committee
- Status changedImpact 30
27-0107: To be Scheduled → In Council
- ActionImpact 15
27-0107 introduced (City Resolution)
Legislative history
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