RDA Reso 2004-005 - Laserfiche WebLink

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institutions, however, are permitted an 80% deduction for their interest expense allocable to "qualified tax-exempt obligations" of small governmental units (a) that together with their subordinate entities or entities issuing on their behalf and entities on whose behalf they issue do not reasonably expect to issue in the aggregate more than $10,000,000 of tax-exempt obligations (not including private activity bonds other than qualified 501(c)(3) bonds in a calendar year), and (b) that designate such obligations as "qualified tax-exempt obligations". By resolution, the Agency has (a) represented that it expects that it and all of the above-described entities will not issue in the aggregate more than $10,000,000 of tax-exempt obligations during calendar year 2004, and (b) designated the Bonds as "qualified tax-exempt obligations". MISCELLANEOUS Financial Advisor. E. Wagner & Associates, Inc., Pleasanton, California, has served as Financial Advisor to the Agency with respect to the sale of the Bonds. The Financial Advisor has assisted in various matters relating to the planning, structuring and sale of the Bonds. The Financial Advisor has not independently verified any of the data contained in this Official Statement or conducted a detailed investigation of the affairs of the Agency to determine the accuracy or completeness of the Official Statement. Professional Fees. In connection with the execution and delivery of the Bonds, fees payable to Jones Hall, a Professional Law Corporation, as Bond Counsel and Disclosure Counsel, E. Wagner & Associates, Inc., as Financial Advisor, and U.S. Bank National Association, as Trustee, are contingent upon the execution and delivery of the Bonds. Scope of Official Statement. All summaries of the Indenture, applicable legislation, agreements and other documents are made subject to the provisions of such documents and do not purport to be complete statements of any or all of such provisions. Reference is hereby made to such documents on file with the Agency for further information in connection therewith. This Official Statement is not to be construed as a contract or agreement between the Agency and the purchasers or owners of any of the Bonds. Any statements made in this Official Statement involving matters of opinion or of estimates, whether or not expressly stated, are set forth as such and not as representations of fact, and no representation is made that any of the estimates will be realized. The execution and delivery of this Official Statement has been duly authorized by the Agency. REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO By: -36-