Laserfiche WebLink
NOW THEREFORE, BE IT HEREBY RESOLVED by the City Council of the City of <br />San Leandro as follows: <br />Section L• The City Council hereby fmds that (i) the expenditure of Agency funds to <br />undertake the Project as set forth in this Resolution and the implementation plan heretofore <br />adopted by the Agency for the Project Area (the "Implementation Plan") will be of benefit to the <br />Project Area, (ii) no other reasonable means of financing the Project is reasonably available, (iii) <br />completion of the Project will eliminate blighting conditions in the Project Area; and (iv) <br />completion of the Project is consistent with the Implementation Plan. <br />Section 2: The City Council hereby approves the Cooperation Agreement between <br />the Agency and the City, attached hereto as Exhibit "A," whereby the Agency has agreed to <br />provide the City with financial assistance with regard to the Project. <br />Section 3: The Interim City Manager is hereby authorized and directed to execute the <br />Cooperation Agreement on behalf of the City. <br />Section 4: Funds are hereby appropriated from the Joint Project Area fund balance <br />for the purchase of the Property in the amount of $1,300,000. <br />Introduced by Councilmember Stephens and passed and adopted this 15`i' day of December, <br />2008, by the following called vote: <br />Members of the Council: <br />AYES: Councilmembers Grant, Gregory, Prola, Souza, Starosciak, Stephens; <br />Mayor Santos (7) <br />NOES: None (0) <br />ABSENT: None <br />ATTEST: ~" ll~(,'~t,'1%~ _~C~'1,'lL~,('~- <br />Marian Handa, City Clerk <br />(0) <br />RESOLUTION NO. 2008-145 2 <br />