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File Number: 18-390 <br />The final loan repayment in 2029 will be approximately $138,000, of which $132,000 is principal <br />and the remainder interest. <br />Budget Authority <br />Approval of the proposed resolution will not change the City of San Leandro’s total General Fund <br />balance. However, it will restrict $190,635.20 of the General Fund Reserve as a debt service <br />restricted reserve as collateral for the Section 108 Loan. In the unlikely event that the City does <br />not receive CDBG funds, or is unable to otherwise meet its repayment obligations during the term <br />of the Section 108 Loan, the Restricted Amount would be utilized to cover the deficiency. <br />ATTACHMENT(S) <br />Attachment(s) to Related Legislative File <br />·Resolution <br />PREPARED BY: Maryann Sargent, Senior Housing Specialist, Community Development <br />Department <br />3000499.1 <br />Page 3 City of San Leandro Printed on 8/28/2018 <br />186