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City of San Leandro <br />Meeting Date: February 4, 2013 <br />Staff Report <br />Agenda Section:File Number:12-601 ACTION ITEMS <br />Agenda Number:10.A. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:Chris Zapata <br />City Manager <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for Resolution Approving a Loan Agreement and Promissory Note <br />by and Between the City of San Leandro and the San Leandro Unified School <br />District to Assist the District with Its Purchase of the Girls , Inc. Property <br />Located at 13666 East 14th Street <br />RECOMMENDATIONS <br />The City Manager recommends that the City Council adopt a resolution, approving the Loan <br />Agreement, and direct the City Manager to take any and all actions related to executing the <br />terms and conditions of the Loan Agreement . <br />BACKGROUND <br />The San Leandro Unified School District, in cooperation with Alameda County , applied for <br />Federal grant funding to augment District programs and facilities, including medical and dental <br />clinics to serve District students and the community. As part of that grant application process, <br />the District had to show progress towards acquiring a facility that met the grant’s <br />requirements. To that end, the District and the County focused their efforts on the District’s <br />acquisition and renovation of 13666 East 14th Street, which is currently occupied by Girls, Inc. <br />near the District’s San Leandro High School . It is the City’s understanding that the acquisition <br />would allow expansion of San Leandro High School programs and activities, create <br />administrative offices, additional classrooms, and community meeting spaces, and would <br />allow the District and County to create neighborhood serving medical and dental clinics. It is <br />also the City’s understanding that Girls , Inc. is scheduled to leave its San Leandro <br />headquarters this year for a new facility in downtown Oakland, and is currently amenable to <br />negotiating a sale of the property to the District. <br />By the action requested herein, the City finds that a loan to the San Leandro Unified School <br />District of $1,250,000.00 is for a public purpose, because it allows the District to augment its <br />instructional program to benefit District students, the majority of whom live within the City, and <br />because the loan contributes to the public health and welfare by supporting <br />Page 1 City of San Leandro Printed on 1/30/2013