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WHEREAS, the City's funding obligation to Union Pacific has been transferred to SLTC by <br />way of the Development Agreement with Chang Income Property, with funding available in the <br />escrow account to issue fee credits and to pay Union Pacific; and <br />WHEREAS, the City Council is familiar with the contents of the Crossing Agreement; and <br />WHEREAS, the City Manager recommends approval of said Crossing Agreement. <br />NOW, THEREFORE, the City Council of the City of San I..,eandro does RESOLVE as <br />follows: <br />1. That said Public Highway and Pedestrian At -Grade Crossing Agreement with Union Pacific <br />Railroad for Improvements to the Alvarado Street Rail Crossing of the Niles Subdivision is hereby <br />approved, and execution by the City Manager is hereby authorized; and <br />2. That the City Manager shall use the authority granted by the Development Agreement and <br />Escrow Agreement to disburse funds to Union Pacific as payment pursuant to the Crossing Agreement. <br />Introduced by COUncilmember Lopez and passed and adopted this 16th day of July 2018, by the <br />following vote: <br />Members of the Council: <br />AYES: CO 11116 1 members Ballew, Cox, Hernandez, Lee, Lopez,'I"homas; Mayor Cutter (7) <br />NOES: None (0) <br />EXCUSED: <br />ATTEST: awm hWA�,W 41AM4L­� <br />tw'farnika Greenwood, City Clerk <br />RESOLU VION No. 2018-082 2 <br />