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1N THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br />RESOLUTION N0.2009-006 RDA (2961) <br />RESOLUTION AUTHORIZING AN AMENDMENT TO THE REDEVELOPMENT AGENCY <br />BUDGET TO ALLOCATE AN ADDITIONAL $144,250 FROM <br />THE HOUSING SET ASIDE FUND BALANCE FOR THE <br />FIRST TIME HOMEBUYER PROGRAM <br />WHEREAS, the Redevelopment Agency of the City of San Leandro (Agency) First Time <br />Homebuyer Program, adopted October 16, 1995 as amended, allows low- and moderate-income <br />families and persons to qualify to buy a home in San Leandro; and <br />WHEREAS, said program assists in achieving Agency's affordable housing goals as stated <br />in Agency's 2004-2009 Implementation Plan; and <br />WHEREAS, Agency allocated funding in the FY 2008-09 Budget for said program, which <br />funds have been fully expended due to increased demand; and <br />WHEREAS, Agency desires to provide additional funding for the First Time Homebuyer <br />Program for the remainder of the fiscal year; <br />NOW, THEREFORE, the Redevelopment Agency of the City of San Leandro does <br />RESOLVE as follows: <br />That $144,250 for the First Time Homebuyer Program is hereby allocated from the Housing <br />Set Aside Fund Balance. <br />Introduced by Agency Member Prola and passed and adopted this 6~' day of April, 2009, by <br />the following called vote: <br />Members of the Agency: <br />AYES: Members Gregory, Prola, Reed, Souza, Starosciak, Stephens; Chair Santos (7) <br />NOES: None (0) <br />ABSENT: None (0) <br />ATTEST: V1,i~/V~ , <br />Marian Handa, Agency Secretary <br />