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NOW, THEREFORE, the Redevelopment Agency of the City of San Leandro <br />does hereby approve the following: <br />1. The Option Agreement between the Agency and Shell Oil Company, <br />and authorizing the execution thereof by the Agency Executive Director. <br />2. The negotiation and execution of a Disposition and Development <br />Agreement between the Agency and Shell Oil Company, by the Agency <br />Executive Director; and based upon the terms of the Option Agreement. <br />Introduced by Agency Member Perry <br />and passed and <br />adopted this 5th day of February 1996, by the following called vote: <br />Members of the Agency: <br />AYES: Agency Members Galvan, Kerr, Loeffler, Myers, Perry, P-olvorosa; <br />Mayor Corbett ( 7 ) <br />NOES: None ( 0 ) <br />ABSENT: None ( 0 ) <br />Attest: <br />Alice Calvert, Agency Secretary <br />1:\WPD\CSL\136\RES1$ HELL.RES <br />