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City of San Leandro <br />Meeting Date: December 19, 2016 <br />Resolution - Council <br />Agenda Section:File Number:16-689 CONSENT CALENDAR <br />Agenda Number: <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:RESOLUTION Authorizing the City Manager to Execute a Loan Agreement <br />and Promissory Note By and Between the City of San Leandro and the San <br />Leandro Improvement Association in the Amount of $285,000 for the Purpose <br />of Funding Public Improvements in the Downtown from the City's General <br />Fund Unrestricted Reserves <br />WHEREAS, San Leandro Improvement Association, a non-profit organization, desires <br />to construct public improvements in the Downtown; and <br /> <br />WHEREAS, the loan agreement and promissory note between the City of San Leandro <br />and San Leandro Improvement Association, a copy of which is attached, is presented to this <br />City Council; and <br /> <br />WHEREAS, the City Council is familiar with the contents thereof; and <br /> <br />WHEREAS, the City Manager recommends approval of said agreement. <br /> <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as <br />follows: <br /> <br />That the City shall loan an amount not to exceed $285,000 to San Leandro <br />Improvement Association to assist in the construction of public improvements in the <br />Downtown in the City of San Leandro and the City Manager is hereby authorized to execute <br />all documents necessary to make the loan, subject to approval as to form by the City Attorney. <br /> <br />Page 1 City of San Leandro Printed on 12/13/2016