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OFFICIAL NOTICE OF SALE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO TAXABLE TAX ALLOCATION HOUSING BONDS, SERIES 2010 NOTICE IS HEREBY GIVEN by the Redevelopment Agency of the City of San Leandro (the "Agency") that electronic bids will be received by representatives of the Agency for the purchase of $ principal amount of bonds designated the "Redevelopment Agency of the City of San Leandro Tax Allocation Housing Bonds, Series 2010" (the "Bonds"). No hand delivered or facsimile bids will be accepted. The bids will be received in the manner and up to the time and date specified below, provided, however, that the Agency reserve the right to postpone or change the sale date upon notice delivered via Thompson Municipal News as provided in this Official Notice of Sale: DATE AND TIME: 9:00 A.M. California Time on _, 2010, and so long as a proposal has not theretofore been accepted by the Agency, on any date thereafter without further advertising, as provided in this Official Notice of Sale. ELECTRONIC BIDS: Bid proposals shall be submitted via PARITY, as provided below. Please note that the Agency reserves the right to cancel or reschedule the sale of the Bonds upon notice given through Thompson Municipal News by 5:00 P.M., California time the day prior to the day bids are scheduled to be received, and if the sale is rescheduled, notice of the new sale date and time, if any, will be given through Thompson Municipal News no later than 5:00 P.M. the day prior to the new day bids are to be received, and bids will be received in the manner set forth above at the rescheduled date and time as the Agency may determine. Bids must be received by 9:00 A.M., California time, on such date of sale. DESCRIPTION OF THE BONDS DATE; FORM; DENOMINATION: The Bonds will be dated as of the delivery date, and will be executed and delivered in non-negotiable, fully registered form, without coupons, in denomination of $5,000 each or any integral multiple thereof. The Bonds will be delivered in a book-entry only system with no physical distribution of Bonds to the public. The Depository Trust Company, New York, New York ("DTC") will act as depository for the Bonds. The Bonds will be registered in the name of Cede & Co., as nominee for DTC, on behalf of the participants in the DTC system and the subsequent beneficial owners of the Bonds. The Bonds are being issued pursuant to and Indenture of Trust dated as of 1, 2010 (the "Indenture") by and between the Agency and U.S. Bank National Association, as trustee. Reference is made to the Indenture for further details regarding the terms and provisions of the Bonds. 1 Approximate.