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IN THE CITY OF SAN LEANDRO <br />RESOLUTION NO. 99 — <br />RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LEANDRO <br />APPROVING A LOAN AGREEMENT BETWEEN THE CITY OF SAN LEANDRO <br />AND CITIZENS HOUSING CORPORATION FOR THE USE OF HOME FUNDS FOR <br />ACQUISITION OF A 91-UNIT APARTMENT BUILDING AND AUTHORIZING THE <br />CITY MANAGER TO EXECUTE THE NECESSARY DOCUMENTS TO LOAN THE <br />HOME FUNDS TO CITIZENS HOUSING CORPORATION FOR <br />15370-15375 TROPIC COURT (APN 412-0006-006-02) <br />The loan agreement between the City of San Leandro and Citizens Housing <br />Corporation for the use of HOME funds, a copy of which is attached, has been presented to <br />this Council. <br />The City Council is familiar with the contents thereof. <br />The City Manager has recommended the approval of said agreement. <br />A form of a loan agreement between the City of San Leandro and Citizens Housing <br />Corporation for the use of HOME funds, was presented to this Council on May 3, 1999, and <br />approved by Resolution No. 99-60. This resolution rescinds and replaces Resolution 99-60. <br />NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE <br />as follows: <br />That said agreement is hereby approved and execution thereof is hereby authorized. <br />Introduced by Council Member and passed and adopted <br />this 61h day of December, 1999, by the following called vote: <br />AYES: <br />NOES: <br />ABSENT: <br />Attest: <br />Gayle Petersen, CITY CLERK <br />GANEUSAWTREHAM15370-15375 Tropic Court Reso.doc <br />)43J <br />