Agmt 2002 RDA - Laserfiche WebLink

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• I below. The Finance Department shall provide the Agency with debt service • schedules no later than November 1 of each year. 3. Upon receipt by the Agency of a cost certification statement bearing the signature of the duly authorized agent of the City and describing in detail all or any part of the costs herein enumerated that have been actually accrued and paid by the City, the Agency shall pay to the City within 30 days the amount called for in the aforesaid statement, provided that, if the Agency is unable to pay the amount so called for because of deficiency in its accumulated tax increment funds pursuant to Health and Safety Code Section 33670, et. seq., the Agency shall make its best efforts to pay a portion of said costs according to the funds available. Those amounts remaining unpaid shall continue to be a debt of the Agency and may be paid immediately to the City upon receipt by the Agency of sufficient funds from tax increment or bond proceeds to the extent permitted by state law. 4. This Agreement shall supersede any Repayment Agreement previously entered into between the Agency and the City. 5.. If any provisions of the Repayment of Funds Agreement, or the application thereof to any person, party, transaction, or circumstance, is held invalid, the remainder of the Agreement or the application of such provision to other person, parties, transactions or circumstances, shall not be affected thereby. IN WITNESS WHEREOF, the Agency and City have signed this Agreement as of the date first hereinabove set forth. CITY OF SAN LEANDRO, a municipal REDEVELOPMENT AGENCY OF Corporation THE CITY OF SAN LEANDRO, a public body corporate and politic " J rmanis, City Manager Shelia Young, Cha Date: June 18, 2002 Attest: Approved as to Form= • Gayle Pe rsen, Secretary Liane M. Randolph, Agency Counsel 2 •