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<br />Minutes - City of San Leandro City Council, Page - 5 - <br />San Leandro Redevelopment Agency, and San Leandro <br />Economic Development Agency Joint Meeting - May 5, 1997 <br />6. NEW BUSINESS <br />A. Minute Order No. 97-23, Matter of Appointment of Vice Mayor. (1315) <br />The City Council appointed Council Member Loeffler Vice Mayor. <br />M/S/C 61aze and Lothrop. Ayes: 4; Naes: 0; Abstained: 6alvan, <br />Polvorosa, Young <br />B. Resolution No. 97-50, Resolution Rescinding Resolution No. 96-140 and <br />Authorizing City Clerk and Deputy City Clerks to Accept Deeds and <br />Easements. (1034/1180) <br />M/S/C 6alvan and Young. Ayes: 7; Noes: 0 <br />C. Resolution of the San Leandro Economic Development Agency Approving the <br />Form of the Loan Agreement with Monarch Ventures/West Gate for Advance <br />of Funds and Reimbursement for Pylon Sign (provides for freeway-visible <br />sign for Shell/Burger King project, Davis Street at Phillips Lane). <br />Debbie Potter, Redevelopment Administrator, gave the staff report and <br />stated that it is recommended that the San Leandro Economic Development <br />Agency (SLEDA) approve the proposed Resolution approving the form of the <br />West Gate Pylon Sign Agreement and authorize the Executive Director to <br />sign the final Agreement. <br />Council Member Young asked and her questions were answered regarding the <br />loan documents. She further requested that staff work with Westgate to <br />provide adequate security for the loan. Staff responded that the loan <br />would be guaranteed by the general partner of the partnership. <br />Council Member Polvorosa inquired who would be responsible for the cost <br />of a replacement sign, and staff responded that Monarch Ventures and/or <br />their tenant would be responsible. The City Manager then went into <br />greater detail regarding the placement and maintenance of the sign. <br />Mayor Corbett stated concerns with future users of the sign. She <br />requested that there be language in the Agreement regarding any future <br />users of the sign that payments by those users be applied directly to <br />the repayment of the loan. <br />Council Member Lothrop expressed concerns regarding the design of the <br />sign and stated that she-would like any changes to go before the Site <br />Development Commission. <br />