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WHEREAS, the City Council is familiar with the terms and conditions of the Loan <br />Agreement, the Promissory Note, and the Deed of Trust; and <br />WHEREAS, the City Manager recommends approval of the Loan, the Loan Agreement, <br />the Promissory Note, and the Deed of Trust. <br />NOW THEREFORE, the City Council for the City of San Leandro does RESOLVE as <br />follows: <br />0 That a General Fund Loan to MTLG, LLC in the amount of $455,107.36 is approved; and <br />That the Loan Agreement, the Promissory Note, and the Deed of Trust between the City <br />and MTLG, LLC are hereby approved, and execution by the City Manager, Subject to <br />approval as to form by the City Attorney, is hereby authorized; and <br />That the City Manager is authorized to take all actions otherwise necessary to effect the <br />intent of this Resolution. <br />Introduced by Councilmernber Cox and passed and adopted this 17th day of December <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 <br />ATTEST: <br />L-e'ti is I. Nllguel, CiClerk <br />RESOLUTION No. 2018-160 2 <br />