Laserfiche WebLink
Proposition lA Securitization Program <br />Summary of Public Outreach Efforts <br />Not Applicable <br />October 19, 2009 <br />Fiscal ImUact <br />Minimal cash flow impact. Payments will be made to the City of San Leandro in two (2) equal <br />installments of approximately $867,000 on January 15, 2010 and May 3, 2010. <br />Budget Authority <br />By attached Council Resolution, if adopted. <br />Attachments <br />• Purchase and Sale Agreement with California Statewide Communities Development Authority <br />CONCLUSION <br />After Council discussion and questions, if the Council wishes to participate in the Proposition lA <br />Securitization Program, it should adopt the proposed Proposition lA Sale Resolution and <br />Purchase and Sale Agreement, which requires only a simple majority vote. <br />G:ACounci1~2009-10 Resolutions & Staff Reports\Proposition lA Securitization Program.docx <br />