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<br />the basis of a 360-day year of twelve 30-day months. To the extent not paid, interest shall be added <br /> <br />to the principal amount hereof and thereafter treated as principal hereunder. <br /> <br />The Chair, the Executive Director and the Treasurer of the Agency (each, a "Designated <br /> <br />Officer"), each acting alone, are hereby authorized and directed to execute, and the Secretary of the <br /> <br />Agency is hereby authorized to attest, the Repayment of Funds Agreement for and in the name and <br /> <br />on behalf of the Agency. <br /> <br />Section 2. Effective Date. This resolution shall take effect from and after the date of <br /> <br />approval and adoption thereof. <br /> <br />NOW THEREFORE, the Redevelopment Agency of the City of San Leandro does <br /> <br />RESOLVE as follows: <br /> <br />That said agreements are hereby approved and execution thereof are hereby authorized. <br /> <br />Introduced by Member Badger and passed and adopted this 19th day of June, 2006, by the <br /> <br />following called vote: <br /> <br />Members of the Agency: <br /> <br />AYES: Members Badger, Grant, Nardine, Santos, Starosciak, Stephens <br /> <br />(6) <br /> <br />NOES: None <br /> <br />(0) <br /> <br />ABSENT: Chair Young <br /> <br />(1) <br /> <br />ATTEST: <br /> <br />~~ <br /> <br />Marian Handa, Agency Secretary <br /> <br />RESOLUTION NO. 2006-005 RDA <br /> <br />2 <br />