10B Action 2009 1221 - Laserfiche WebLink

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ARTICLE I DETERMINATIONS; DEFINITIONS Section 1.01. Findings and Determinations. The Agency has reviewed all proceedings heretofore taken and has found, as a result of such review, and hereby finds and determines that all things, conditions and acts required by law to exist, happen or be performed precedent to and in connection with the issuance of the Series 2010 Bonds do exist, have happened and have been performed in due time, form and manner as required by law, and the Agency is now duly empowered, pursuant to each and every requirement of law, to issue the Series 2010 Bonds in the manner and form provided in this Indenture. Section 1.02. Definitions. Unless the context otherwise requires, the terms defined in this Section 1.02 shall, for all purposes of this Indenture, of any Supplemental Indenture, and of any certificate, opinion or other document herein mentioned, have the meanings herein specified. "Additional Revenues" means, as the date of calculation, the amount of Housing Tax Revenues which, as shown in a report of an Independent Redevelopment Consultant, are estimated to be receivable by the Agency within the Fiscal Year following the Fiscal Year in which such calculation is made as a result of increases in the assessed valuation of taxable property in each Project Area due to either (a) construction which has been completed and for which a certificate of occupancy has been issued by the County or other appropriate governmental entity but which is not then reflected on the tax rolls, or (b) transfer of ownership or any other interest in real property which has been recorded but which is not then reflected on the tax rolls. For purposes of this definition, the term "increases in the assessed valuation"' means the amount by which the assessed valuation of taxable property in a Project Area is estimated to increase above the assessed valuation of taxable property in such Project Area (as evidenced in the written records of the County) as of the date on which such calculation is made. "Agency" means the Redevelopment Agency of the City of San Leandro, a public body corporate and politic duly organized and existing under the Law. "Alameda County -City of San Leandro Project Area Housing Tax Revenues" means that portion of Alameda County -City of San Leandro Project Area Tax Revenues required by Section 33334.2, 33334.3 and 33334.6 of the Redevelopment Law to be deposited in the Agency's Low and Moderate Income Housing Fund, provided that, for so long as any Bonds or Parity Debt are outstanding, in no event shall the Agency deposit less than 20% of Alameda County -City of San Leandro Project Area Tax Revenues in the Low and Moderate Income Housing Fund. "Alameda County -City of San Leandro Project Area" means the territory within the Alameda County -City of San Leandro Redevelopment Project, as described in the Alameda County -City of San Leandro Redevelopment Plan. "Alameda County -City of San Leandro Project Area Agreement" means the Agreement Regarding Alameda County -City of San Leandro Redevelopment Project dated as of July 1, 1993, between the Agency and the County, as such agreement may hereafter be amended. 3