Laserfiche WebLink
MINUTES Page 4 <br />City of San Leandro City Council and San Leandro Redevelopment Agency Joint Meeting-January 4, 2010 <br />10. ACTION ITEMS <br />Public comments are limited to 3 minutes per speaker per item, subject to adjustment by the <br />Mayor. <br />A. Matter of Interim Loan in Support of Issuance of Tax Allocation Bonds by the <br />Redevelopment Agency; Authorization to Use Low and Moderate Income Housing <br />Funds for Low and Moderate-Income Housing Located Outside Project Areas (provides <br />financing for loan obligation to Bridge Housing Corporation for construction of a 100- <br />unit affordable multifamily apartment project at 1333 Martinez Street). <br />City Manager Hollister reported that these are the follow-up actions to the action taken <br />by the City Council at its last regular meeting on December 21 2009. <br />• Resolution No. 2010-001, Resolution of the City Council of the City of San <br />Leandro Finding and Determining that the Use of Monies from the Low and <br />Moderate Income Housing Funds Established for the Alameda County -City of <br />San Leandro Redevelopment Project Area and the West San Leandro/Macarthur <br />Boulevard Redevelopment Project Area Outside the Boundaries of the Project <br />Areas Will Benefit Such Project Areas; Authorizing the Expenditure of Such <br />Funds Outside the Project Area; and Authorizing an Interim Loan from the City's <br />Water Pollution Control Plant (WPCP) Fund to the Redevelopment Agency of the <br />City of San Leandro (provides an interim loan in an amount not to exceed <br />$6,900,000 to facilitate the issuance of the Redevelopment Agency of the City of <br />San Leandro Tax Allocation Housing Bonds, Series 2010). (3176) <br />M/S/C Prola and Souza. Ayes: 7; Noes: 0 <br />• Resolution No. 2010-001 RDA, Resolution of the Redevelopment Agency of the <br />City of San Leandro Finding and Determining that the Use of Monies from the <br />Low and Moderate Income Housing Funds Established for the Alameda County - <br />City of San Leandro Redevelopment Project Area and the West San <br />Leandro/Macarthur Boulevard Redevelopment Project Area Outside the <br />Boundaries of the Project Areas Will Benefit Such Project Areas; Authorizing the <br />Expenditure of Such Funds Outside the Project Area; and Authorizing Acceptance <br />of an Interim Loan from the City's Water Pollution Control Plant (WPCP) Fund <br />and Execution of a Promissory Note in Connection with Such Loan (accepts an <br />interim loan in an amount not to exceed $6,900,000 to facilitate the issuance of the <br />Redevelopment Agency of the City of San Leandro Tax Allocation Housing <br />Bonds, Series 2010). (3176) <br />M/S/C Prola and Souza. Ayes: 7; Noes: 0 <br />B. Matter of Appointments of City Councilmembers to City Council Internal <br />Committees. <br />