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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br /> RESOLUTION NO. 2017-150A <br /> RESOLUTION APPROVING A FORGIVABLE LOAN AGREEMENT OF$150,000 <br /> FROM THE CITY OF SAN LEANDRO <br /> TO SAN LEANDRO CURTAIN CALL PERFORMING ARTS <br /> TO SUPPORT ONGOING RENOVATIONS <br /> WHEREAS, the Historic BAL Theatre is located at 14808 East 14th 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 financial assistance package <br /> comports with 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 />