RDA Reso 2008-019 - Laserfiche WebLink

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WHEREAS, the Agency desires to approve the afore-referenced Cooperation Agreement between the Agency and City whereby the Agency will provide funds for the design and construction of the Project; and NOW THEREFORE, BE IT HEREBY RESOLVED by the Board of Directors of the Redevelopment Agency of the City of San Leandro as follows: Section 1: The Board of Directors hereby finds that (i) the expenditure of Agency funds to undertake the Project as set forth in this Resolution and the implementation plan heretofore adopted by the Agency for the Project Area (the "Implementation Plan") will be of benefit to the Project Area, (ii) no other reasonable means of financing the Project is reasonably available, (iii) completion of the Project will eliminate blighting conditions in the Project Area; and (iv) completion of the Project is consistent with the Implementation Plan. Section 2: The Agency Board hereby approves the Cooperation Agreement between the Agency and the City, attached hereto as Exhibit "A," whereby the Agency has agreed to provide City with financial assistance with regard to the design and construction of the Project. Section 3: The Executive Director is hereby authorized and directed to execute the Cooperation Agreement on behalf of the Agency. Introduced by Agency Board Member Gregory and passed and adopted by the Board of Directors of the Redevelopment Agency of the City of San Leandro at special meeting duly held on the 28th day of July, 2008, by the following vote: Members of the Agency Board of Directors: AYES: Members Grant, Gregory, Prola, Souza, Starosciak, Stephens; Chair Santos (7) NOES: None (0) ABSENT: None ATTEST: {' ~ ~~~~~ Marian Handa, Agency Secretary (0) RESOLUTION N0.2008-019 RDA 2