10A Action 2008 0602 Attach - Preliminary Official Statement

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OFFICIAL STATEMENT $33,250,000 Redevelopment Agency of the City of San Leandro Alameda County -City of San Leandro Redevelopment Project Tax Allocation Bonds, Series 2008 This Official Statement, including the cover page and appendices hereto, is provided to furnish information in connection with the sale by the Redevelopment Agency of the City of San Leandro (the "Agency") of its Alameda County -City of San Leandro Redevelopment Project, Tax Allocation Bonds, Series 2008 (the "2008 Bonds"). INTRODUCTION This Introduction contains a brief summary of certain information contained in this Official Statement. It is not intended to be complete and is qualified by the more detailed information contained elsewhere in this Official Statement. Definitions of certain terms used in this Official Statement are set forth in `APPENDIX C -Summary of Certain Provisions of the Indenture" Authority for Issuance. The Agency is a redevelopment agency existing under the Community Redevelopment Law of the State of California (the "State"), constituting Part 1 of Division 24 (commencing with Section 33000) of the California Health and Safety Code, as amended (the "Redevelopment Law"). The 2008 Bonds are being issued under the Redevelopment Law and pursuant to an Indenture of Trust (the "Indenture"), dated as of June 1, 2008, by and between the Agency and U.S. Bank National Association, San Francisco, California, as trustee (the "Trustee"). The 2008 Bonds will be sold by competitive bidding to be held on , 2008, in accordance with the Official Notice of Sale. Use of Proceeds. The proceeds of the 2008 Bonds will be used to (i) fund certain redevelopment activities of benefit to property within the Agency's Alameda County -City of San Leandro Redevelopment Project Area (the "Project Area"); (ii) fund a reserve fund for the 2008 Bonds; and (iii) to pay the costs of issuing the 2008 Bonds. See "THE FINANCING PLAN." Security for the 2008 Bonds. The 2008 Bonds will be payable from and secured by Tax Revenues (as defined herein) allocated to Agency from the Project Area. In California, the financing and refinancing of redevelopment projects may be provided by the issuance of tax + Preliminary, subject to change.