RDA Reso 2009-021 - Laserfiche WebLink

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Section 1: The Agency 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: Conditioned upon the consent of the City Council, the Agency Board 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 Agency approves the Cooperation Agreement, and authorizes the Executive Director to execute the Cooperation Agreement substantially in the form on file with the Agency Secretary. Section 4: The Executive Director is hereby authorized to undertake such actions as necessary to carry out the intent of this Resolution. Introduced by Agency Board Member Prola and passed and adopted by the Board of Directors of the Redevelopment Agency of the City of San Leandro at a meeting duly held on the 8~' day of September, 2009, by the following vote: Members of the Agency Board of Directors: AYES: Members Gregory, Prola, Reed, Souza, Starosciak, Stephens; Chair Santos (7) NOES: None (0) ABSENT: None ATTEST: `-- Marian Handa, Agency Secretary (0) RESOLUTION NO. 2009-021 RDA