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File Number: 15-729 <br />Reinstated Loan Agreement to effect a payment plan for the repayment from the Successor <br />Agency to the City (the “Restated Loan Agreement”); and <br />WHEREAS, the Restated Loan Agreement includes terms that are consistent with the <br />Dissolution Law; and <br />WHEREAS, the execution of the Restated Loan Agreement was approved by the City <br />Council by resolution adopted on January 19, 2016; and <br />WHEREAS, the Restated Loan Agreement will be presented to the Oversight Board for <br />consideration. <br />NOW THEREFORE, IT IS RESOLVED by the Governing Board of the Successor <br />Agency to the Redevelopment Agency of the City of San Leandro that it hereby: <br />1.Finds that the above recitals are true and correct and a part of this Resolution. <br />2.Subject to approval of the Oversight Board, authorizes the Execution of the <br />Restated Loan Agreement, substantially in the form attached hereto as Exhibit A, and <br />authorizes the Executive Director to execute a restated note to evidence the loan attached <br />hereto as Exhibit B. <br />3.Authorizes the Executive Director, or his designee to execute such other documents <br />and to take such other actions as necessary to carry out the intent of this Resolution, including <br />without limitation, listing the Restated Loan Agreement on the Recognized Obligation <br />Payment Schedule for the Successor Agency. <br />4. This Resolution takes effect immediately upon its adoption. <br />Page 3 City of San Leandro Printed on 1/12/2016