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2 March 7, 2011 <br /> Redevelopment Agencv Action(s) <br /> • On June 21, 2004, by Resolution No. 2004 -011 RDA, the Board memorialized a loan of <br /> S2,887,617 from the City of San Leandro General Fund to the Plaza Project Area. <br /> Financial impact <br /> • S2,I37,273.49 will be transferred from the Plaza Project Area to the City of San Leandro <br /> General Fund. <br /> Budget Authority <br /> • 52,137,273.49 from the Plaza Project Area fund balance is available (961 -87- 060 - 8110). <br /> T e <br /> Tracy Vesely, Age' y Treasurer <br /> CONCLUSION <br /> Staff recommends approval of a resolution authorizing an appropriation in the amount of <br /> 52,137,273.49 from the Plaza Project Area to be use to make a payment against the full principal <br /> of the Plaza General fund loan. <br /> G: \OBD\Filcs RDA\Administration d Budget\201 I State Budget Response \PlazaGFLoanCouncilMemo3 -7 -I I.DOC <br />