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IN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO <br />RESOLUTION N0.2009-024 RDA (3176) <br />RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY <br />OF SAN LEANDRO AUTHORIZING THE ISSUANCE OF NOT TO <br />EXCEED $8,500,000 AGGREGATE PRINCIPAL AMOUNT OF TAX <br />ALLOCATION HOUSING BONDS, SERIES 2010, APPROVING AND <br />AUTHORIZING AND DIRECTING EXECUTION OF THE INDENTURE <br />OF TRUST RELATING THERETO, AUTHORIZING THE SALE OF <br />SUCH BONDS, APPROVING THE OFFICIAL STATEMENT RELATING <br />THERETO, AND PROVIDING OTHER MATTERS PROPERLY <br />RELATING THERETO <br />RESOLVED, by the Redevelopment Agency of the City of San Leandro (the "Agency"), <br />as follows: <br />WHEREAS, the Agency is authorized pursuant to the Community Redevelopment Law, <br />being Part 1 of Division 24 (commencing with Section 33000) of the Health and Safety Code of <br />the State of California (the "Law") to issue its tax allocation bonds for the purpose of financing <br />redevelopment activities, including low and moderate income housing, within and of benefit to <br />its redevelopment project areas; and <br />WHEREAS, redevelopment plans for the Alameda County -City of San Leandro <br />Redevelopment Project Area in the City of San Leandro and the West San Leandro/MacArthur <br />Boulevard Redevelopment Project Area in the City of San Leandro (the "City") have been <br />adopted in compliance with all requirements of the Law; and <br />WHEREAS, in order to provide funds to finance low and moderate income housing <br />activities of benefit to the Alameda County -City of San Leandro Redevelopment Project Area in <br />the City of San Leandro and the West San Leandro/MacArthur Boulevard Redevelopment <br />Project Area, the Agency has determined to issue its not to exceed $8,500,000 aggregate <br />principal amount of Redevelopment Agency of the City of San Leandro Tax Allocation Housing <br />Bonds, Series 2010 (the "Bonds") pursuant to an Indenture of Trust, which is expected to be <br />dated as of January 1, 2010, by and between the Agency and U.S. Bank National Association, as <br />trustee (the "Indenture"); and <br />WHEREAS, the Bonds will be payable from Housing Tax Revenues (as defined in the <br />Indenture); and <br />WHEREAS, for purposes of the sale of the Bonds, Jones Hall, A Professional Law <br />Corporation, the Agency's Disclosure Counsel, has assisted the Agency in the preparation of an <br />Official Statement describing the Bonds, the preliminary form of which is on file with the <br />Secretary; and <br />