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92-84 CMS Report PDF
92-84 CMS Report PDF
Interoffice Letter
To:
From:
Subject:
Agency Administrator/
City Manager
Henry L. Gardner
A t t e n t i o n : - - - - - - - - - - - - - Date:
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Henry L. Gardner
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Henry L. Gardner
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policy. Overall, the Equity Policy was viewed as ripe for adoption
by the National Development Experts, by MEPAC and by the Local
Community Panels.
Conclusion
Based on extensive community, business and public review, staff
recommends that the Council/Agency approve the following actions
set forth in the policy adoption resolutions:
1.
2.
3.
Authorize an annual
October 1, 1993.
4.
5.
evaluation
of
the
Policy.
Due
by
Recommendation
staff recommends approval of the resolutions by the Committee and
by the city Council/Redevelopment Agency approving and adopting the
Oakland Equity Policy.
staff recommends recognition of the work of the Minority Equity
Participation Advisory Committee and its chair, Ed Blakely, as well
as recognition for its Symposium hosts, David Glover, Don Duffy and
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Henry L. Gardner
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Esq.
APPROVED FOR FORWARDING TO
REDEVELOPMENT AGENCY
-~~
Attachments
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step #
step One:
(CNI
step Two:
Step Three:
Evaluate project
step Four:
operating RUles
Paqe 2
2.
3.
4.
IDEA
(PROJECT CONCEPT)
Concept
is
reviewed
by
Development
Services
and
Planning Department to insure
consistency with General Plan,
Environmental,
Zoning
and
permitting issues.
REFINEMENT
FINANCIAL ANALYSIS
(LENDERS,
INVESTORS)
SUBSIDY REVIEW
DECISION
IV.
2.
jm3:cqllCpl
Page 3
Determination
made
on
eligibility for city subsidy
based on:
consistency with
Needs
Index,
Availability,
expected returns and risks,
level and type of sUbsidy
sought.
This step assumes
(OCD,
OED,
ORA,
etc.)
participating department or ORA
feasibility analysis.
Determination of points needed
to achieve subsidy, and Policy
benefits required to achieve
point level.
3.
Agreement
on
monitoring
requirements,
and
annual
reporting.
4.
DETERMINE
ELIGIBILITY
DETERMINE SUBSIDY
VALUE, POINTS &
BENEFITS
AGREEMENT ON
MONITORING
PREPARE AGREEMENTS
DDA OR MOU
citywide development
Enhanced business climate and opportunities for public/private ventures
Expandinl tax base
Development subsidies focused
to achieve policy priorities
There will be a small representative body, known as the Oakland Equity Commission, that will devise the
guidelines and implementation prQceclures for the Oakland Equity Policy. The Commission will assess the
eligibility of projects for City subsidies, according to the priorities of the Policy Benefits Point System.
for
Community Development
and
Neighborhood
Revitalization
TARGETING
DEVELOPMENT PROJECTS
AND PROGRAMS
t
Equity Fund Board
t
Community Needs Index
FILLING
THE FINANCIAL GAPS:
Neighborhood Commercial
Revitalization
Small Business Development
low-lncome Housing ConstnJetion
Training and Technical Assistance
To provide a clear and consistent policy that conveys explicit objectives and yields reciprocal incentives for
public/private equity partnerships.
To assure reasonable financial and social returns on public investments in real estate development.
To achieve balanced and equitable growth throughout the City, by creating linkages between Oakland's Central
Business District expansion and the social and economic development of disadvantaged neighborhoods.
THE OAKLAND EQUITY POLICY ApPROACH
Public Equity Participation
through City It
Redevelopment Agency Subsidies:
Land, Loans, & Grants from City,
State & Federal Funds
Components:
Policy Point System
OCDEF
Oakland Equity Commission
Greater Public, Community, Neighborhood, and Minority I Women Ownership in Oaldand Development
Increased Finandng for Neighborhood Enterprises
More Jobs and Expanded l'Ocal Tax Base for Oakland Residents
More affordable Housing; Increase Human & Social Services
DEVELOPME'I0BJECTIVES
-~.
Primary Categories
DEVELOPM.
Economic Modeling
BJECTIVES
Equity Participation
4. Small Busi... Dew:I.
ment & Neighbomood
Commercial RewitaliDlion
S. Incbtrial & Commercial
Development
&
Bonus Points Categories
Creates analytic
basis for Community
Needs Index
Improvements
Eval.::lposed
De~oject's
DEVELOp8 PROJECT
ELiGIBILI. SUBSIDY
Proposed Public/Private
Commercial Real Estate
DeYelopment
IF YES
retwns:
flexible system
minimum threshold
Bonus Points
Award subsidy as
requested
IFNO
Alter proposed project to
increase point score
and/or
Reduce subsidy to match
points achieved
or
Deny request for subsidy
What are the Operating Rules olthe Policy Benefits Point System?
How are Policy Objectives Categories and Their Point Values Established?
Community economic development objectives will be identified using economic modeling techniques and close
scrutiny ofsocio-economic data about Oakland. This infonnation will in turn be used to createa Community Needs
Index (CN!), an index ofrelative priorities among the City'spolicy objectives, and a tool used to assign pointvalues
to each of the Point System categories.
What Happens if a Project Does Not Score the Minimum Points Required by the Point System?
The level of requested City ~ubsidy may be decreased to match the total pollcy points achieved, andlor changes
can be made to the proposed project. For instance, the level of minority/community equity participation could
be increased, or the terms of tenancy for a proposed commercial project might be adjusted to encourage minority
and neighborhood business development.
How Does the Oakland Equity Policy Lead to Greater Equity Participation by Minorities,
Women, and Community-Based Organizations?
Equity Participation by these traditionally under-served groups can be expanded by directing resources through
the OCDEF toward development projects, training, and technical assistance needed within Oakland's community
districts. The Policy Benefits Point System also increases opportunities by offering points to proposed projects
that include significant equity participation within a flexible system, and in accordance with legal guidelines of
race- and gender- specific programs.
".
4f/1lJIIJJII- of CD. . . . lUmHn tII'f llsU4101" In/ontlllJJolt, and 40 IIOt aprus 01" Imply 1M orranizllllolU' .ntlon.",."" 01 this rIpon)
COllsultault
Andrea.s Fe.rreria Clliver...................................... ~ .......................... Project Consultant
CJinetbeCJeer..................................................................................Flesearch (:ClIlS1Jltant
Robert Scotian..................................................................Administrative Consultant
I
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