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NOW, THEREFORE,the City Council of the City of San Leandro does RESOLVE as <br /> follows: <br /> Section 1. The above recitals are true and correct and are incorporated herein in their <br /> entirety. <br /> Section 2. The Loan Agreement in the amount of$779,051.00 is hereby approved by the <br /> City Council, and appropriation of General Fund Unrestricted Economic Uncertainty Reserve is <br /> • hereby approved, substantially in the form presented to the City Council; <br /> Section 3. The Loan Agreement will occur contingent upon the approval of the ROPS <br /> guaranteeing the repayment of the Loan amount. <br /> Section 4. The City Manager is hereby authorized to execute the Loan Agreement and to <br /> take all actions and to execute any and all documents necessary and to make all approvals <br /> necessary or appropriate to carry out and implement the terms of this Resolution. <br /> Introduced by Councilmember Cox and passed and adopted this 21st day of September, <br /> 2015, by the following vote: <br /> Members of the Council: <br /> AYES: Councilmembers Cox, Lee, Lopez, Prola, Reed, Thomas; Mayor Cutter (7) <br /> NOES: None (0) <br /> ABSENT: None (0) <br /> Al <br /> ATTEST: -... <br /> Tamika Greenwood, City Clerk <br /> 2514107.1 <br /> RESOLUTION NO.2015-163 2 <br />