Reso 2009-121 - Laserfiche WebLink

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Section 1: The City Council hereby finds based upon the facts set forth in the foregoing recitals and the evidence set forth in the Staff Report, that: (i) the expenditure of tax increment funds (including the proceeds of tax allocation bonds secured by such funds) to undertake the installation and construction of the Public Improvements will be of benefit to the Project Areas, (ii) no other reasonable means of financing the Public Improvements is reasonably available, (iii) completion of the Public Improvements will assist in the elimination of blighting conditions in the Project Areas; and (iv) completion of the Public Improvements is consistent with the Implementation Plan adopted for the Project Areas. Section 2: The City Council hereby authorizes (i) the expenditure of $65,000 in funds from the existing Plaza Project Area appropriation for the demolition of 262 Davis Street, and (ii) the expenditure of $180,000 in funds from the existing Joint Project Area appropriation for the construction of the Estudillo/Callan Garage. Section 3: The City Council approves the Cooperation Agreement, and authorizes the City Manager to execute the Cooperation Agreement substantially in the form on file with the City Clerk. Section 4: The City Manager is hereby authorized to undertake such actions as necessary to carry out the intent of this Resolution. Introduced by City Councilmember Prola and passed and adopted by the City Council of the City of San Leandro at a meeting duly held on the 8th day of September, 2009, by the following vote: Members of the Council: AYES: Councilmembers Gregory, Prola, Reed, Souza, Starosciak, Stephens; Mayor Santos (7) NOES: None (0) ABSENT: None ATTEST: Marian Handa, City Clerk (0) RESOLUTION NO.2009-121