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<br />Alternative <br />Do not authorize the expenditures in which case the City would not be able to conduct a <br />due diligence effort. <br /> <br />Fiscal Impact <br />As noted. it is expected that the due diligence effort will require approximately $200,000. <br />This will be appropriated and transferred from the unappropriated fund balance within the <br />General Fund reserves to Administrative SupportlProfessional SeCt;:? ~ <br /> <br /> <br />~#W~ p_lngraY -~ ~ ' <br /> <br />Housing and Economic Development Community ~~ment City Manager <br />Manager Director <br /> <br />Attachment <br />Draft Resolution <br /> <br />REDEVSHARED_2006 STAFF REPORTS_12-2006_Syufy <br /> <br />2 <br /> <br />6.3A <br />Page 2 <br />