Laserfiche WebLink
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 Prola and passed and adopted by the Board of <br /> Directors of the Redevelopment Agency of the City of San Leandro at a meeting duly held on the <br /> 17th day of January, 2011, by the following vote: <br /> Members of the Agency Board of Directors: <br /> AYES: Members Prola, Souza, Starosciak; Mayor Cassidy (4) <br /> NOES: None (0) <br /> ABSENT: Members Cutter, Gregory, Reed (3) <br /> ATTEST: n <br /> Marian Handa, Agency Secretary <br /> 1575925.1 <br /> RESOLUTION NO. 2011 -001 RDA 3 <br />