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The City and Agency held a public hearing on the proposed Project and the <br />Agreement as required by Section 33433 of the Community Redevelopment <br />Law, after having duly provided notice of such public hearing in accordance <br />with state law. <br /> <br />The proposed sale of the Properties is exempt from further review, and in <br />accordance with the California Environmental Quality Act, categorical exemption <br />ER No. 2003-112 will be filed for these properties. <br /> <br />The City recognizes that it has received and heard all oral and written <br />objections to the proposed sale of the Properties, and to other matters <br />pertaining to these transactions, and that all such oral and written objections <br />are hereby overruled. <br /> <br />I. The City hereby finds and determines that the information set forth herein is <br /> true and correct. <br /> <br />J. The City hereby finds and determines that the sale of the Properties will bring <br /> the Agency into compliance with Redevelopment law. <br /> <br />K. The City hereby approves the sale of the Properties. <br /> <br /> Section 2. The City Manager or his/her designee is hereby authorized, on behalf <br />of the City, to execute such documents that are to be signed by the City in connection <br />with the sale, and to make such changes of a non-substantive nature to such <br />documents as the City Manager shall deem appropriate. A copy of any such <br />documents, when executed, shall be placed on file in the office of the Clerk of the <br />Council. <br /> <br /> Section 3. The City Manager is hereby authorized, on behalf of the City, to sign <br />all documents necessary and appropriate to carry out and implement the sale and to <br />administer the City's obligations, responsibilities and duties to be performed. <br /> <br />Section 4. Proceeds of the sale of said Properties to the City (if any) shall be <br />deposited into the Agency's Housing Set-Aside Fund. <br /> <br /> Section 5. The Clerk of the Council shall attest to and certify the vote adopting <br />this Resolution. <br /> <br />ADOPTED this 16th day of June 2003. <br /> <br />Resolution No. 2003-059 <br />Page 2 of 3 <br /> <br /> <br />