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Minutes - San Leandro City Council Meeting - June 1, 1992 Page - 18 - PUBLIC HEARINGS (continued) He said this matter could be resolved in the context of the condemnation of the property. Mr. Schrader said he would prefer that it be handled in this manner. There being no further comments from the public, on motion of Council Member Polvorosa, seconded by Council Member Myers, and carried unanimously, the Public Hearing was closed. The following Resolution was then introduced: RESOLUTION NO. 92-134 (1026) RESOLUTION OF NECESSITY AUTHORIZING THE ACQUISITION OF CERTAIN PROPERTY FOR THE MEASURE B - TEAGARDEN STREET EXTENSION PROJECT AND FINDING THAT THE PUBLIC INTEREST AND NECESSITY REQUIRE THE PROPOSED PROJECT, THAT THE LOCATION THEREOF CAUSES THE LEAST PRIVATE INJURY, THAT THE SUBJECT PROPERTY IS NECESSARY FOR THE PROPOSED PROJECT, WELLS FARGO BANK AT 1188 MONTAGUE AVENUE Introduced by Council Member Polvorosa, who moved its adoption, seconded by Council Member Kerr, and carried by the following called vote: AYES: Council Members Corbett, Faria, Kerr, Myers, Perry, Polvorosa; Mayor Karp ( 7 ) NOES: None ( 0 ) ABSENT: None ( 0 ) 9. CITY COUNCIL COMMENTS A. Council Member Perry said she provided information to the City Council regarding the State Budget Summit held by Assemblyman Klehs on Saturday at Cal State, Hayward. She said Assemblyman Klehs indicated there are other bills in the Legislature that may take away additional funding at the local level . She said Alameda County Supervisor Mary King provided information on value-based budgeting. She said there is now an $11 billion State deficit for this year and within the next week the State will be running out of money and will be giving out registered warrants for the first time since the Depression. She said the State estimates a