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end of the loan term if Building Futures is not in default on any of the Loan's covenants, conditions, and <br />requirements; and <br />WHEREAS, because Building Futures leases the Property from Saint Leander's Church and does not own <br />the Property, the CDBG Loan cannot be secured by a deed of trust and will be an unsecured loan. <br />NOW, THEREFORE, the City of San Leandro City Council hereby RESOLVES as follows: <br />1. The above recitals are true, correct, and made a part of this Resolution. <br />2. The ARPA Grant and CDBG Loan is approved and the City Manager is authorized to execute the <br />CDBG Loan Agreement, substantially in the form attached hereto as Attachment B and the ARPA Grant <br />Agreement, substantially in the form attached hereto as Attachment C after approval as to form by the City <br />Attorney. <br />3. The City Manager, or her designee, is authorized to use Fiscal Year 2022-2023 CDBG funds in the <br />amount of $65,229 to account 165-43-135-5240, and $85,000 from ARPA fund account 190-63-825-5240 to <br />execute such documents and to take such other actions necessary to carry out the intent of this Resolution. <br />4. This Resolution takes effect immediately upon its adoption. <br />Introduced by Councilmember Ballew and passed and adopted this 20th day of JUNE 2023, by the <br />following vote: <br />AYES: Councilmembers Aguilar, Azevedo, Ballew, Bowen, and Mayor Gonzalez (5) <br />NOES: None (0) <br />ABSENT: Councilmembers Reynes and Simon (2) <br />ATTEST: va, , 3, a k" <br />Kelly B. 4ncy, CIVIC <br />City Clerk <br />