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3.40.030 taxes by or for the taxing agencies on all other Attachment A property are paid; and Area A B. Except as provided in subsection C of 077A- 0647 - 009 -27 this section, that portion of the levied taxes 077A- 0647 - 009 -32 each year in excess of that amount shall be al- 077A -0647- 009 -35 located to and when collected shall be paid into 077A- 0647 - 009 -37 a special fund of the agency to pay the princi- 077A- 0647 - 009 -40* pal of and interest on loans, moneys advanced 077A -0647- 009 -42 to. or indebtedness (whether funded, refunded, 077A -0647- 009 -44* assumed, or otherwise) incurred by the agency 077A- 0647 - 010 -00 to finance or refinance, in whole or in part, the 077A-0647-011-00 project. When the loans, advances, and indebt- 077A- 0647 - 012 -03 edness, if any, and interest thereon, have been paid, all moneys thereafter received from taxes Area B upon the taxable property in the project area 077A- 0745 - 040 -01 shall be paid to the respective taxing agencies 077A- 0745 - 041 -01 ** as taxes on all other property are paid. 077A-0745-043-01** C. That portion of the taxes in excess of 077A- 0745- 045 -06 the amount identified in subsection A that are 077A -0745- 049 -0I attributable to a tax rate levied by a taxing agency for the purpose of producing revenues Area C in an amount sufficient to make annual re- 079A- 0395- 006 -10 * ** payments of the principal of, and the interest 079A- 0395 -006 -II*** on, any bonded indebtedness for the acquisi- tion or improvement of real property shall be • Shown as APN 077A-0647-009-45 in 1998 -99 Buse Year APN List. allocated to, and when collected shall be •• Shown as AI'N 077A -0745 - 041-0O, 077A -0745.042 -00 into, the fund of that taxing agency. and 077A -0745- 043-00 in 1998 -99 Base Year APN List. •,• The agency is authorized to irrevocably Shown as APN 079A-0395-005-01 and 070A-0395-006-06 in 1998 -99 Base Year APN List. pledge tax increment funds for the payment of the principal of and interest on any advance of (Ord. 2000 -14 § 2, 2000; Ord. 99 -025 § 402, moneys. loans. or any indebtedness incurred 1999) (whether funded, refunded. assumed, or oth- erwise) to finance or refinance, in whole or in 3.40.030 Payments to taxing entities. part, the project. Commencing with the first fiscal year in The agency shall decline tax increment which the agency receives tax increments and funds generated from the parcels set forth in continuing through the last fiscal year in Attachment A to the ordinance codified in this which the agency receives tax increments, the section. From the effective date of this agency shall pay to the affected taxing enti- amendment, the tax increment from these par- ties, including the city if the city elects to re- cels shall accrue to the taxing agencies as if no ceive a payment, an amount equal to twenty- redevelopment plan were in effect. five percent (25 %) of the tax increments re- ceived by the agency after the amount re- 149 (San Leandro Redevelopment Agency 3 -05)