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File Number: 12 -211 <br />• On April 2, 2012, the City Council, acting as Successor Agency approved the ROPS, <br />showing a remaining balance on this loan of $2,040,797.30. <br />Fiscal Impacts <br />If this action is not approved, and the Department of Finance determination was to be upheld, <br />the receivable due to the General Fund of $2,040,797.30 would be canceled. Based on the <br />most current debt service schedule, this would result in a loss of $173,477.05 annually <br />through 2032. <br />ATTACHMENTS <br />Original Promissory Note and Resolution 2004 -011 RDA, memorializing the loan <br />PREPARED BY: Jeff Kay, Business Development Analyst, Community Development <br />Department <br />City of San Leandro Page 3 Printed on 51112012 <br />