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NOW, THEREFORE the City Council of the City of San Leandro does RESOLVE as <br /> follows: <br /> 1. The City Manager, on behalf of the City of San Leandro, is hereby authorized and <br /> directed to apply for and submit to the Department the AHSC Program Application as detailed in <br /> the Notice of Funding Availability dated October 2, 2017, for Round 3 in a total amount not to <br /> exceed $15,000,000 of which $10,000,000 is requested as a loan for an Affordable Housing <br /> Development ("AHSC Loan") and $5,000,000 is requested for a grant for Housing-Related <br /> Infrastructure (HRI), Sustainable Transportation Infrastructure, Transit-Related Amenities or <br /> Program activities ("AHSC Grant") as defined by the AHSC Program Guidelines adopted by <br /> Sustainable Growth Council on July 17, 2017, errata August 14, 2017 and October 23, 2017. If <br /> the application is approved, the City is hereby authorized and directed to enter into, execute, and <br /> deliver a State of California Standard Agreement ("Standard Agreement") in a total amount not <br /> to exceed $15,000,000 ($10,000,000 for the AHSC Loan and $5,000,000 for the AHSC Grant), <br /> and any and all other documents required or deemed necessary or appropriate to secure the <br /> AHSC Program funds from the Department, and all amendments thereto (collectively, the <br /> "AHSC Documents".) <br /> 2. The City will be subject to the terms and conditions as specified in the Standard <br /> Agreement. Funds are to be used for allowable capital asset project expenditures to be identified <br /> in Exhibit A of the Standard Agreement. The application in full is incorporated as part of the <br /> Standard Agreement. Any and all activities funded, information provided, and timelines <br /> represented in the application are enforceable through the Standard Agreement. The City hereby <br /> agrees to use the funds for eligible capital asset(s) in the manner presented in the application as <br /> approved by the Department and in accordance with the Notice of Funding Availability and <br /> Program Guidelines and Application Package. <br /> 3. The City Manager is authorized to execute the AHSC Program Application <br /> Package and the AHSC Documents as required by the Department for participation in the AHSC <br /> Pro-ram and to take all actions necessary to carry out the intent of this Resolution. <br /> Introduced by Councilmernber Cox, and passed and adopted this 8th day of January <br /> 2018, by the following vote: <br /> Members of the Council: <br /> AYES: Councilmembers Ballew, Cox, Hernandez, Lee, Lopez, Thomas; Mayor Cutter (7) <br /> NOES: None (0) <br /> EXCUSED: None (o) <br /> ATTEST: <br /> Tamika Greenwood, City Clerk <br /> RESOLUTION NO. 2018-002 2 <br />