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conditions set forth in a Memorandum of Understanding (the "MOU") by and between <br />the City and the Agency, a copy of which has been provided to the Agency governing <br />board and is on file with the Agency Secretary. <br />NOW THEREFORE, BE IT HEREBY RESOLVED by the Redevelopment <br />Agency of the City of San Leandro as follows: <br />Section 1: The Agency hereby finds and determines that (i) any temporary <br />use and any future development and use of the Property will most likely be uses <br />contemplated by and consistent with the TOD Strategy plan and implementing <br />ordinances adopted by the City in September, 2007; (ii) redevelopment and reuse of the <br />Property for these uses will not generate any significant environmental impacts that are <br />greater or different than environmental impacts of the TOD Strategy analyzed in the <br />certified Final Environmental Impact Report adopted in connection with approval of the <br />TOD Strategy and implementing ordinances; (iii) the building located on the Property <br />("Building") is not a historical resource of any kind, and demolition and replacement of <br />the Building will not have any significant adverse historic, archeological, aesthetic or <br />other significant environmental effect; and (iv) pursuant to Public Resources Code § § <br />21094 and 21166 and CEQA Guidelines §§ 15162 and 15168(c), all potential <br />environmental impacts of acquisition, reuse and redevelopment of the Property have been <br />adequately addressed in the previous Final EIR, and no subsequent or additional <br />environmental review is required for the acquisition and contemplated reuse and eventual <br />redevelopment of the Property. <br />Section 2: The Agency hereby determines that (i) the acquisition of the <br />Property will assist in the elimination of blight in the Project Area, will assist in the <br />redevelopment of the Property, and will be consistent with the Redevelopment Plan and <br />the Implementation Plan adopted in connection therewith; and (ii) the making of the Loan <br />will not impair the Agency's ability to carry out the redevelopment plan for the West San <br />Leandro/MacArthur Boulevard Redevelopment Project Area. <br />Section 3: The Agency hereby approves the MOU and the making of the <br />Loan. <br />Section 4: The Agency hereby approves the Purchase and Sale Agreement <br />substantially in the form on file with the Agency Secretary, and authorizes the <br />expenditure of Six Million One Hundred Seventy-Five Thousand Dollars ($6,175,000) in <br />tax increment funds (including the Loan proceeds) for the acquisition of the Property in <br />accordance with the terms and conditions set forth in the Purchase and Sale Agreement. <br />Section 5: The Agency Executive Director is hereby authorized to execute the <br />MOU and the Purchase and Sale Agreement on behalf of the Agency, each substantially <br />in the form on file with the Agency Secretary, and to execute such other instruments and <br />undertake such other actions as necessary to carry out the intent of this Resolution, <br />including without limitation, the execution and recordation of a Certificate of Acceptance <br />for the Property. <br />1225328-1 2 <br />