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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />RESOLUTION NO. 2003- 227 (2096) <br />A RESOLUTION APPROVING AMENDMENT NO. 1 TO THE LOAN AGREEMENT <br />BETWEEN THE CITY OF SAN LEANDRO AND SURF HOUSING ASSOCIATES, L.P. <br />REGARDING OCCUPANCY REQUIREMENTS AND WORK PROGRAM FOR THE <br />APARTMENT BUILDING LOCATED AT 15320 TROPIC COURT <br />RECITALS <br />WHEREAS, the City of San Leandro ("City") has been presented with an amendment to <br />the Loan Agreement between the City and the Surf Housing Associates, L.P. regarding the <br />occupancy restrictions of and work program for an apartment building located at 15320 Tropic <br />Court; and <br />WHEREAS, the City Manager has reviewed the Amendment to the Agreement with the <br />City Council and recommends the City Council approve the Amendment No. 1 to the <br />Agreement. <br />NOW, THEREFORE, be it resolved that the Amendment No. 1 to the Loan <br />Agreement between the City of San Leandro and Surf Housing Associates, L.P. regarding the <br />occupancy restrictions of and work program for an apartment building located at 15320 Tropic <br />Court, San Leandro, CA, is hereby approved and the City Manager is authorized and directed to <br />sign the Amendment No. 1 to the Agreement. <br />Introduced by Council Member G '! a z e ,passed and adopted <br />this 17th day of November, 2003 by the following called vote: <br />Members of the Council: <br />AYES: Councilmembers Badger, Glaze, Grant, Nardine, Stephens; Mayor Young (6) <br />NOES: None (0) <br />ABSENT: Councilmember Santos (I) <br />Attest: N <br />Marian Handa, City Clerk <br />