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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br /> RESOLUTION NO. 2017-150 <br /> RESOLUTION APPROVING A GENERAL FUND LOAN AND AUTHORIZING THE <br /> CITY MANAGER TO EXECUTE A LOAN AGREEMENT OF$400,000 FROM THE <br /> CITY OF SAN LEANDRO TO DAN AND GINA DILLMAN,OWNERS OF THE BAL <br /> THEATRE,TO ASSIST IN REFINANCING THE BAL THEATRE <br /> WHEREAS, the Historic BAL Theatre is located at 14808 East 14'h Street in the City of <br /> San Leandro, California, Alameda County Assessor's Parcel Number 077E-1593-008; and <br /> WHEREAS, the BAL Theatre is a unique and valuable cultural asset in the City of San <br /> Leandro where live music and theatrical performances take place, and movies are shown; and <br /> WHEREAS, the City Council finds that promoting the performing arts, music, and <br /> cinema builds and promotes the City's culture, which is vital to the public health and economic <br /> vitality of the City; and <br /> WHEREAS, one of the City Council's goals is to support and implement programs, <br /> activities and strengthen communication that enhances the quality of life and wellness, celebrates <br /> the arts and diversity and promotes civic pride; and <br /> WHEREAS, the City Council finds that approval of this loan agreement comports with <br /> this goal; and <br /> WHEREAS,the BAL Theatre is owned by Dan and Gina Dillman and leased to San <br /> Leandro Curtain Call Performing Arts, a non-profit corporation; and <br /> WHEREAS, on July 6, 2016, BAL Theatre representatives requested financing to assist in <br /> the refinancing and renovation of the BAL Theatre; and <br /> WHEREAS, on October, 19 2016,the City Council Facilities and Transportation <br /> Committee recommended staff work with the BAL Theatre's representatives to draft a proposed <br /> funding agreement and that the draft be taken to the City Council Finance Committee for review <br /> and discussion; and <br /> WHEREAS, on May 2, 2017,the Finance Committee recommended staff work with <br /> representatives of the BAL Theatre and Curtain Call Performing Arts to create a two-part package <br /> of financial assistance to assist with 1) a December 2017 balloon payment of$400,000 and 2) a <br /> forgivable loan agreement to assist with renovations; and <br /> 1H <br />