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NOW, THEREFORE, BE IT RESOLVED that the City Council hereby: <br /> 1. Finds based upon the foregoing recitals and the evidence set forth in the Staff Report, <br /> accompanying this Resolution that: (i) the expenditure of tax increment funds for the projects <br /> and programs identified in the Agreement will be of primary benefit to the Project Areas by <br /> helping to eliminate blighting conditions and facilitating the development of low and moderate - <br /> income housing, (ii) no other reasonable means of financing such projects and programs is <br /> reasonably available, and (iii) completion of such projects is provided for and consistent with <br /> the Redevelopment Plans and the Implementation Plan adopted in connection therewith. <br /> 2. Approves the Agency's expenditure of tax increment funds in the amounts and for the <br /> purposes specified in the Agreement. <br /> 3. Approves the actions to be undertaken and the services to be provided by the City as <br /> specified in the Agreement. <br /> 4. Authorizes the City Manager to execute the Agreement on behalf of the City substantially <br /> in the form on file with the City Clerk and to undertake such actions and to execute such <br /> additional instruments as may be necessary or desirable in order to carry out the intent of this <br /> Resolution. <br /> Passed and adopted at a meeting of the City Council of the City of San Leandro on the <br /> 17th day ofJanuary, 201 I, by the following vote: <br /> Members of the Council: <br /> AYES: <br /> NOES: <br /> ABSTAIN: <br /> ABSENT: <br /> ATTEST: <br /> Marian 1-Ianda, City Clerk <br /> 1575893.1 3 <br />