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MINUTES Page 11 City of San Leandro City Council, San Leandro Economic Development Agency, and San Leandro Redevelopment Agency Joint Meeting-September 2, 2008 Commercial Facade Improvement Program to Allow the Executive Director to Administratively Approve Loans of up to $25,000. (2917) M/S/C Grant and Prola. Ayes: 7; Noes: 0 The Redevelopment Agency approved a minor amendment to the Commercial Facade Improvement Program to allow the Executive Director to administratively approve loans of up to $25,000. 2. City and San Leandro Unified School District Liaison Committee Meeting of July 17, 2008. Accepted as submitted. Councilmember Prola inquired about the new vapor recovery requirements for the fueling station. Public Works Services Director reported that, due to the age of the vehicles, most of the City's fleet is compliant with the new regulations; however, most of the School District's is not. 3. Finance Committee Meeting of July 29, 2008. Accepted as submitted. Councilmember Starosciak stated that she would like this matter to be referred back to the Finance Committee for further review, noting the large amount of RDA funds already committed. Councilmember Starosciak commented that she would like the Committee to look at the fmancing arrangement between the City and the San Lorenzo Unified School District for the Washington Manor Middle School gymnasium upgrade. Councilmember Starosciak stated that she would like to see more leveraging of funds and matching funds, rather than a prepayment, in light of the City's current fmancial situation. Recommendation for City CounciURedevelopment Agency Consideration: a. Schedule discussion of a $2.3 million Redevelopment Agency fmancial assistance through payments for construction of the San Leandro Unified School District (SLUSD) 9th Grade Campus. By consensus, the City Council referred the matter back to the City Council Finance Committee. Councilmember Prola commented on the debate on GASB 45, and stated that he would be in favor of using CaIPERS, as it is awell-established organization. Vice Mayor Stephens commented that he has worked with both CaIPERS and PARS, and found them both to be very good systems.