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loans; use or transient occupancy taxes; participation in development; or with financial assistance from the City of San Leandro, Alameda County, the State of California, the federal government, or any other available source, public or private. The Agency is also authorized to obtain advances, borrow funds, issue bonds, and create indebtedness in carrying out the Plan. The principal and interest on such indebtedness may be paid from tax increments or any other funds available to the Agency. Public transit sales tax funds and gas tax funds or other legally available funds from the state and county may be used for street improvements and public transit facilities. The City Council may appropriate to the Agency such amounts as the City Council deems necessary for the administrative expenses and overhead of the Agency. The money appropriated may be paid to the Agency as a grant to defray the expenses and overhead, or as a loan to be repaid upon such terms and conditions as the City Council may provide. In addition to the common understanding and usual interpretation of the term, "administrative expense" includes, but is not limited to, expenses of redevelopment planning and dissemination of redevelopment information. The City may also provide additional assistance in the form of bonds, loans, grants, and in -kind assistance. B. [Section 402] Tax Increment Funds The taxes levied upon taxable property in the Project Area each year by or for the benefit of the State of California, the City of San Leandro, the County of Alameda, any district, or other public corporation ( "taxing agencies ") after the effective date of the ordinance approving the Plan, shall be divided as follows: (a) That portion of the taxes that would be produced by the rate upon which the tax is levied each year by or for each of the taxing agencies upon the total sum of the assessed value of the taxable property in the Project Area as shown upon the assessment roll used in connection with the taxation of that property by the taxing agency, last equalized prior to the effective date of the ordinance, shall be allocated to and when collected shall be paid to the respective taxing agencies as taxes by or for the taxing agencies on all other property are paid; and (b) Except as provided in paragraph (c) below, that portion of the levied taxes each WEST SAN LEANDRO/MACARTHUR BOULEVARD PAGE 31 REDEVELOPMENT PROJECT AREA REV 2999;22399:22599: 32699: 33099:040199061599161 •