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RECOMMENDATION: <br />Staff recommends that the City Council approve the proposed resolution and authorize the <br />execution of the Lease Option Agreement in an amount not to exceed $600,000, at an interest <br />rate not to exceed 4.55 percent, and in a form acceptable to the City Attorney and Finance <br />Director. <br />Attachment: Proposed resolution <br />Prepared by: Dilu de Alwis, Finance Director <br />REVIEW TEAM <br />Attorney: Finance Director:'✓ <br />Manager: OTHER: <br />