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WHEREAS, on October 3, 2017, the City Council Finance Committee recommended <br /> that the City Council approve the two-part package of financial assistance for the BAL Theatre; <br /> and <br /> WHEREAS, the two-part package of financial assistance includes a General Fund Loan <br /> (Exhibit A) between the City of San Leandro and Dan and Gina Dillman for$400,000 from the <br /> General Fund's Economic Uncertainty reserve to assist in refinancing the BAL Theatre and a <br /> $150,000 Forgivable Loan from account 010-14-010-5890 (Exhibit B) between the City of San <br /> Leandro and Curtain Call Performing Arts to Support ongoing renovations. <br /> NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as <br /> follows: <br /> 1. The Recitals above are true, correct, and made a part of this resolution; and <br /> 2. That said agreements amended in the form presented are hereby approved and <br /> execution by the City Manager is hereby authorized; and <br /> 3. That the City Manager is authorized to make non-substantial revisions to said <br /> Z_� <br /> agreements, subject to the approval of the City Attorney; and <br /> 4. That original executed agreements shall be attached to and made a pall of this <br /> resolution. <br /> Introduced by Councilmember I-lernandez, and passed and adopted as Amended this l6th <br /> day of October, 2017, by the following vote: <br /> Members of the Council: <br /> AYES: Councilmembers Ballew, I-lernandez, Lee, Lopez (4) <br /> NOES: Mayor Cutter, Councilmembers Cox, Thomas (3) <br /> EXCUSED: None (0) <br /> ATTEST: <br /> Tarn i fdf�et�ree n wood, City Clerk <br /> RESMUTION NO. 2017-150A 2 <br />