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File Number: 17-076 <br />Code of Regulations. In addition, the project was considered in connection with the Final <br />Environmental Impact Report for the Downtown San Leandro Transit-Oriented Development <br />Strategy certified by the City Council pursuant to Resolution No. 2007-111 adopted on <br />September 4, 2007. <br />Because Marea Alta Phases I and II received federal HOME funds, the appropriate level of <br />environmental review under the National Environmental Protection Act (NEPA), was <br />completed prior to the execution of the City HOME loan agreements. <br />Legal Analysis <br />This resolution was reviewed and approved as to form by the City Attorney’s Office. <br />Fiscal Impacts <br />There is no fiscal impact to the City’s General Fund. The $1.7 million requested to fill the <br />Marea Alta Phase II remaining gap will come from the City’s estimated $11.9 million share of <br />the Alameda County Measure A1 Housing Bond. Therefore, the City’s Bond allocation may be <br />reduced to $10.2 million. <br />Attachment to Staff Report <br />·Attachment A - San Leandro Senior Apartment Pro Forma <br />·Attachment B - Affordable Housing Projects in Alameda County Facing Financing Gaps <br />from Low Income Housing Tax Credits. <br />PREPARED BY: Tom Liao, Deputy Community Development Director <br />Page 6 City of San Leandro Printed on 2/28/2017 <br />251