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IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br />RESOLUTION N0.2008-002 RDA (2961) <br />RESOLUTION AUTHORIZING AN AMENDMENT TO THE REDEVELOPMENT AGENCY <br />BUDGET TO ALLOCATE AN ADDITIONAL $161,000 FROM THE HOUSING SET ASIDE <br />FUND BALANCE FOR THE FIRST TIME HOMEBUYER PROGRAM <br />RECITALS <br />WHEREAS, the Redevelopment Agency of the City of San Leandro ("Agency") First <br />Time Homebuyer Program; adopted October 16, 1995 as amended, allows low- and moderate- <br />incomefamilies and persons to quality to buy a home in San Leandro; and <br />WHEREAS, said program assists in achieving Agency's affordable housing goals as <br />stated in Agency's 2004-2009 Implementation Plan; and <br />WHEREAS, Agency allocated funding in the FY 2007-08 Budget for said program, <br />which funds have fully expended due to increased demand; and <br />WHEREAS, the Agency desires to provide additional funding for the First Time <br />Homebuyer Program for the remainder of the fiscal year; <br />NOW THEREFORE, the Redevelopment Agency of the City of San Leandro does <br />RESOLVE as follows: <br />That $161,000 for the First Time Homebuyer Program is hereby allocated from the <br />Housing Set Aside Fund Balance. <br />Introduced by Agency Member Prola and passed and adopted this 7`h day of January, <br />2008, by the following called vote: <br />Members of the Agency: <br />AYES: Members Grant, Gregory, Prola, Souza, Starosciak, Stephens; Chair Santos (7) <br />NOES: None (0) <br />ABSENT: None (0) <br />ATTEST: y~~~~ <br />Marian Handa, Agency Secretary <br />