2A Public Hearing 2009 0209 - Laserfiche WebLink

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FINANCING AGREEMENT This FINANCING AGREEMENT (this "Agreement") is entered into effective as of 2009 ("Effective Date") by and between the San Leandro Unified School District, a public school district (hereafter "School District") and the Redevelopment Agency of the City of San Leandro, a public body, corporate and politic (the "Agency"). The School District and Agency are hereinafter collectively referred to as the "Parties." RECITALS A. Pursuant to the authority granted under the Community Redevelopment Law (California Health and Safety Code Section 33000 et seq.) ("CRL"), the Agency has responsibility to implement the redevelopment plan for the Alameda County-City of San Leandro (Joint) Redevelopment Project Area (the "Project Area") adopted in 1993 by the City Council of the City of San Leandro (as subsequently amended, the "Redevelopment Plan"). B. School District owns the property consisting of approximately 2.6$ acres located in the Project Area at 13701 Bancroft Avenue (the "Property"). C. School District desires to redevelop the Property and construct thereon a project known as the "9th Grade Campus" which includes athree-story classroom building, a cafeteria, a gymnasium (the "Gymnasium") and related infrastructure and public improvements (all of the foregoing, collectively, the "Project"). D. Pursuant to Section 10910 of the California Education Code, the School District may grant the use of school grounds to any public authority for the purpose of organizing, promoting and conducting programs of community recreation so long as such use does not interfere with the use of the school grounds for school purposes. E. Redevelopment of the Property and development of the Project will eliminate blight in the Project Area, complement other public facilities in the vicinity, and increase patronage at nearby retail establishments. F. Pursuant to a Joint Use Agreement to be executed by and between the School District and the City of San Leandro, a municipal corporation ("City") substantially in the form attached hereto as Exhibit A and incorporated herein by reference (the "Joint Use Agreement"), City shall be granted certain rights to use the Gymnasium for public recreational activities on weekends, holidays and at other times outside of regular school hours. G. Subject to the terms of this Agreement, Agency has agreed to provide financial assistance for the development of the Project. H. Agency and City have determined that development of the Project pursuant to this Agreement is consistent with the Redevelopment Plan and the Implementation Plan for the Project Area, will be of primary benefit to the Project Area, and will be consistent with and further the goals of the CRL and the Redevelopment Plan by assisting in the elimination of blight and by providing recreational amenities of benefit to the residents of the Project Area. The