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<br />F. Pursuant to the provisions of the California Redevelopment Law, the <br />Agency and the City Council have held a duly noticed joint public <br />hearing on the proposed sale of the Property pursuant to the <br />Agreement. <br /> <br />Section 2. The Purchase/Sale Agreements are hereby approved, and the <br />Executive Director of the Agency is hereby authorized to execute the Agreement, with <br />such non-substantive changes as may be approved by Agency's General Counsel. <br /> <br />Section 3. The Executive Director of the Agency is hereby authorized to take all <br />steps, and to sign all documents and instruments necessary to implement and carry out <br />the Agreements on behalf of the Agency. <br /> <br />ADOPTED this ih day of May. 2007. <br /> <br /> <br />Migue~A. Pulido <br />Chair <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher. General Counsel <br /> <br />By:~,-'E~ <br />Lisa E. Storck <br />Assistant General Counsel <br /> <br />AYES Boardmembers Alvarez. Benavides. Bustamante. Martinez, <br /> Pulido. Sarmiento. Tinaiero (7) <br />NOES: Boardmembers None (0) <br />ABSTAIN: Boardmembers None (0) <br />NOT PRESENT: Boardmembers None (0) <br /> <br />Resolution No. eRA 2007-002 <br />Page 2 of 3 <br />