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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, (ii) no other reasonable means of financing such <br /> projects and programs is reasonably available, and (iii) completion of such projects is provided <br /> for and consistent with the Redevelopment Plans and the Implementation Plan adopted in <br /> 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. Authorizes the Agency Executive Director to execute the Agreement on behalf of the <br /> Agency substantially in the form on file with the Agency Secretary and to undertake such actions <br /> and to execute such additional instruments as may be necessary or desirable in order to carry out <br /> the intent of this Resolution, including without limitation, the listing of the Agency's obligations <br /> set forth in the Agreement on the statement of indebtedness to be filed with the County Auditor. <br /> Introduced by Agency Board Member and passed and adopted by <br /> the Board of Directors of the Redevelopment Agency of the City of San Leandro at a meeting <br /> duly held on the 17th day of January, 2011, by the following vote: <br /> Members of the Agency Board of Directors: <br /> AYES: <br /> NOES: <br /> ABSTAIN: <br /> ABSENT: <br /> AT - FEST: <br /> Marian 1-ianda, Agency Secretary <br /> 1575925.1 3 <br />