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Minutes - City of San Leandro City Council, Page - 7 - San Leandro Redevelopment Agency, and San Leandro Economic Development Agency Joint Meeting - April 21, 1997 C. Resolution of the San Leandro City Council Declaring the Official Intent to Reimburse Expenditures for a Potential Assisted Senior Housing Project at 928 East 14th Street from the Proceeds of Tax-Exempt Securities (sets a start date for calculation of expenses in the event that tax-exempt bond financing is approved for an assisted, senior- housing project). City Manager John Jermanis noted that the City would have no obligation to repay the bond. Dr. Don Engle, project developer, was introduced by Leslie Gould. Ms. Gould commented on the substantial investment and revitalization to the East 14th Street area. Dr. Engle said the project would be referred to as the Carlton Plaza of San Leandro. The project is assisted living/senior housing, which includes utilities and meals, entertainment, transportation, adult-day care, and medical services. He concluded by noting the benefits to the community, which include revitalization, housing, and creation of jobs. Council Member Loeffler commented on noise and sound affecting those residents facing East 14th Street, the need for the design to blend with the neighborhood, and asked if traffic would have an impact on Haas Avenue. Council Member Young asked for clarification on the process. Leslie Gould noted that the developer is asking for Council support by setting a date for reimbursable expenses to be included in the bond financing; there is no obligation to approve the project at this time. The following Resolution was then introduced: Resolution No. 97-47, Resolution of the San Leandro City Council Declaring the Official Intent to Reimburse Expenditures for a Potential Assisted Senior Housing Project at 928 East 14th Street from the Proceeds of Tax-Exempt Securities (sets a start date for calculation of expenses in the event that tax-exempt bond financing is approved for an assisted, senior-housing project). (1833) M/S/C Loeffler and 6alvan. Ayes: 7; Noes: 0 D. Resolution No. 97-10, Resolution of the San Leandro Redevelopment Agency Approving a Letter of Intent with Maryann Facha-Saso for Acquisition of Property Located at 143 Callan Avenue (provides for acquisition of residential property for permit parking lot). M/S/C Loeffler and 6alvan. Ayes: 7; Noes: 0 E. R se olut~on No. 97-11, Resolution of the San Leandro Redevelopment Agency Approving the Form of Owner Participation Agreement with the Owners of Property Located at 1330 Washington Avenue for Buffet Fortuna Restaurant (provides for opening of a Chinese-American restaurant at the former Sizzler site). M/S/C Loeffler and 6alvan. Ayes: 7; Noes: 0