Laserfiche WebLink
File Number: 15-725 <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 <br />governing board for the Successor Agency 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 City Council of the City of San Leandro <br />that it hereby: <br />1.Finds that the above recitals are true and correct and a part of this Resolution. <br />2.Subject to the 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 City Manager to execute a restated note to evidence the loan attached hereto <br />as Exhibit B. <br />3.Authorizes the City Manager or designee to execute such other documents and <br />to take such other actions as necessary to carry out the intent of this Resolution. <br />4.This Resolution takes effect immediately upon its adoption. <br />Page 3 City of San Leandro Printed on 1/12/2016