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IN THE CITY OF SAN LEANDRO SUCCESSOR AGENCY RESOLUTION NO. 2012 -014 SA RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO APPROVING, AUTHORIZING AND DIRECTING EXECUTION OF AN AMENDED AND RESTATED REIMBURSEMENT AGREEMENT AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO RESOLVED, by the Successor Agency to the Redevelopment Agency of the City of San Leandro (the "Successor Agency "), as follows: WHEREAS, the City of San Leandro, California (the "City "), working together with the San Leandro Public Financing Authority (the "Authority "), is proposing to refinance City's 2001 Certificates of Participation (Joint Project Area Financing) (the "2001 Certificates ") in order to achieve debt service savings; and WHEREAS, the 2001 Certificates evidenced lease payments (the "2001 Lease Payments ") made by the City to the Authority under a Lease Agreement dated as of December 1, 2001 (the "2001 Lease Agreement ") between the Authority, as lessor, and the City, as lessee; and WHEREAS, in connection with the execution and delivery of the 2001 Certificates, the Redevelopment Agency of the City of San Leandro (the "Agency ") and the City entered into a Reimbursement Agreement dated as of December 1, 2001, pursuant to which the Agency agreed to reimburse the City for the 2001 Lease Payments inasmuch as the proceeds of the 2001 Certificates were used to assist the Agency in undertaking various redevelopment activities within the boundaries of the Agency's Joint Project Area; and WHEREAS, in connection with the refinancing, the Authority, as lessor, and the City, as lessee, will enter into a Lease Agreement dated as of January 1, 2013 (the "2013 Lease Agreement "), pursuant to which the City will make lease payments, a portion of which relate to the refunding of the 2001 Certificates (the "2001 Refunding Lease Payments "), to the Authority; and WHEREAS, in order to entice the City to enter into the 2013 Lease Agreement and to obligate itself to make the 2001 Refunding Lease Payments, the Successor Agency desires to enter into an Amended and Restated Reimbursement Agreement (the "2013 Reimbursement Agreement "); and WHEREAS, the 2013 Reimbursement Agreement has been filed with the Secretary to the Successor Agency, and the governing board of the Successor Agency, with the aid of its staff, have reviewed said documents; NOW, THEREFORE, BE IT HEREBY RESOLVED by the governing board of the Successor Agency to the San Leandro Redevelopment Agency that it hereby: