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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br /> RESOLUTION NO. 2015-177 <br /> RESOLUTION APPROPRIATING $2,437,273 FROM THE GENERAL FUND ECONOMIC <br /> UNCERTAINTY RESERVE FUND FOR THE PURPOSE OF MAKING A REQUIRED <br /> PAYMENT TO THE ALAMEDA COUNTY AUDITOR-CONTROLLER RELATED TO THE <br /> DISSOLUTION OF THE SAN LEANDRO REDEVELOPMENT AGENCY <br /> WHEREAS, in a June 23, 2015 "Other Funds and Accounts Due Diligence Review <br /> Determination"letter, the California Department of Finance Determined that the Successor <br /> Agency to the Redevelopment Agency of the City of San Leandro owes a payment of$2,437,273 <br /> to satisfy the Due Diligence process pursuant to Health and Safety Code Section 34179.6(c); and <br /> WHEREAS, the amount owed constitutes a reversal of debt service payments made by <br /> the Redevelopment Agency of the City of San Leandro to the City of San Leandro in January <br /> and March of 2011 on a loan made to the Plaza Redevelopment Project Area; and <br /> WHEREAS, said loan was subsequently denied by the Department of Finance as an <br /> enforceable obligation; and <br /> WHEREAS, remittance of this payment will make the Successor Agency eligible to <br /> receive a Finding of Completion pursuant to Health and Safety Code Section 34191.4. <br /> NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as <br /> follows: <br /> That an appropriation of funds be made in the amount of$2,437,273 from the General <br /> Fund Economic Uncertainty Reserve Fund for the purpose of making the aforementioned <br /> required payment. <br /> Introduced by Councilmember Reed and passed and adopted this 19th day of October, <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 /> ATTEST: <br /> Tamika Greenwood, City Clerk <br />