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IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br />RESOLUTION N0.2004-025 RDA (1485/2937) <br />RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br />AUTHORIZING ACQUISITION OF 1199 EAST 14TH STREET, 210-230 DAMS STREET, <br />AND 250-258 DAMS STREET (APNS: 075-0001-005, 075-0001-06, <br />075-0001-008-02, 075-0001-004) FOR AN AMOUNT NOT TO EXCEED <br />$745,000 (SEVEN HUNDRED FORTY-FIVE THOUSAND DOLLARS) <br />WHEREAS the Executive Director has negotiated the price of $735,000 for the acquisition <br />of the property at 1199 East 14th Street, 210-230 Davis Street, and 250-258 Davis Street within the <br />Plaza Proj ect Area; and <br />WHEREAS the acquisition of property is an authorized activity of the Redevelopment <br />Agency in the Plaza Redevelopment Plan, and payment of acquisition costs and associated fees, <br />estimated not to exceed $10,000, is an authorized use of the 2002 Plaza Project Area Tax <br />Allocation Bonds; and <br />WHEREAS the Agency Board is familiar with the proposal and the property and the <br />Executive Director has recommended approval of said proposal for acquisition. <br />NOW, THEREFORE, the Redevelopment Agency of the City of San Leandro does <br />RESOLVE as follows: <br />That said acquisition of 1199 East 14th Street, 210-230 Davis Street, and 250-258 Davis <br />Street is hereby approved, and the Executive Director is authorized to execute all necessary <br />documents to complete the purchase of this property; and, <br />That the appropriation of $745,000 from the 2002 Plaza Project Area Tax Allocation Bonds <br />is hereby approved. <br />