26-0826
Subject: Seminary Point - Debt And Rent Forgiveness From: Economic And Workforce Development Department Recommendation:Adopt The Following Pieces Of Legislation: 1) A Resolution Authorizing The Forgiveness Of (A) A City Loan To Athena MT, LLC, Of Up To Two Million Dollars ($2,000,000) In Outstanding Principal, Plus All Accrued And Unpaid Interest And Fees, And (B) A City Revolving Line Of Credit To Siavash Afshar With A Final Outstanding Balance Of One Million Five Hundred Thousand ($1,500,000), Plus Accrued And Unpaid Interest And Fees For The Foothill Seminary Point Retail Project, Each Contingent Upon The Sale Or Transfer Of The Project To A Qualified Purchaser; And Making Appropriate California Environmental Quality Act Findings; And
What this record is
- Amount
- $2.00M
- Runs until
- Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗
- Type
- purchase
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- * Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council
- Requested by
- Economic & Workforce Development Department
- Introduced
- June 22, 2026
- On agenda
- July 21, 2026
- Passed
- July 21, 2026
Where it was heard
* Concurrent Meeting of the Oakland Redevelopment Successor Agency and the City Council *Rules & Legislation Committee *Community & Economic Development Committee *Rules & Legislation Committee *Rules & Legislation CommitteeWatch what Oakland buys
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