RDA Reso 2008-025 - Laserfiche WebLink

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WHEREAS, the construction of certain structures and improvements without the Project Area is a direct benefit in achieving the goals and objectives stated in the adopted Five Year Implementation Plan; and NOW, THEREFORE, the Redevelopment Agency of the City of San Leandro does RESOLVE, DECLARE, DETERMINE, AND ORDER, as follows: Section 1. The Agency 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 the City with financial assistance with regard to the Project. Section 3. The Executive Director is hereby authorized and directed to execute the Cooperation Agreement on behalf of the Agency. Section 4: Funds are hereby appropriated from the Joint Project Area fund balance for the purchase of the Property in the amount of $1,300,000. Introduced by Agency Member Stephens and passed and adopted this 15th day of December 2008, by the following called vote: Members of the Agency: AYES: Members Grant, Gregory, Prola, Souza, Starosciak, Stephens; Chair Santos (7) NOES: None (0) ABSENT: None - ~ ~~c~ ATTEST: ~~~'~~~C~Lf~ Marian Handa, Agency Secretary (0) RESOLUTION NO. 2008-025 RDA 2