Redevelopment Successor Agency Termination Plan

At a glance

What: Two companion resolutions winding up the Oakland Redevelopment Successor Agency (ORSA): (1) an ORSA resolution approving a termination plan, transferring all assets, liabilities and interests other than bond liabilities to the City (active loans, disposition and development agreements, owner participation agreements, real property), authorizing an assignment, transfer and compensation agreement, and writing off uncollectable ORSA loans as bad debts (file 27-0106); (2) a City resolution accepting those assets and liabilities (27-0107). Both include CEQA findings.
Where it stands: Resolved. Both were adopted October 20 on the consent calendar.

Oct. 13 Community & Economic Development Committee (item 4): each resolution approved on a motion by Councilmember Fife, seconded by Councilmember Brown, 4 to 0; one speaker on each.
Oct. 20 Council (consent items S6.29): both adopted; the consent calendar carried 6 to 0 (Gallo and Jenkins excused).

Both termination plan resolutions adopted on the consent calendar.

Committee approved both resolutions, 4 to 0, and forwarded them to the consent calendar.

Committee reviewed the wind-down plan (projected to finish around 2040) and forwarded both resolutions to the October 28 consent agenda, 4-0.