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ment information. The city may also provide <br />additional assistance in the form of bonds, <br />loans, grants, and in-kind assistance. (Ord. <br />99-025 § 401, 1999) <br />3.40.020 Tax increment funds. <br />The taxes levied upon taxable property in <br />the project area each year by or for the bene- <br />fit of the state of California, the city of San <br />Leandro, the county of Alameda, any dis- <br />trict, or other public corporation ("taxing <br />agencies") after the effective date of the or- <br />dinance approving the plan, shall be divided <br />as follows: <br />A. That portion of the taxes that would <br />be produced by the rate upon which the tax <br />is levied each year by or for each of the tax- <br />ing agencies upon the total sum of the as- <br />sessed value of the taxable property in the <br />project area as shown upon the assessment <br />roll used in connection with the taxation of <br />that property by the taxing agency, last <br />equalized prior to the effective date of the <br />ordinance, shall be allocated to and when <br />collected shall be paid to the respective tax- <br />ing agencies as taxes by or for the taxing <br />agencies on all other property are paid; and <br />B. Except as provided in subsection C <br />of this section, that portion of the levied tax- <br />es each year in excess of that amount shall <br />be allocated to and when collected shall be <br />paid into a special fund of the agency to pay <br />the principal of and interest on loans, mon- <br />eys advanced to, or indebtedness (whether <br />funded, refunded, assumed, or otherwise) <br />incurred by the agency to finance or re- <br />finance, in whole or in part, the project. <br />When the loans, advances, and indebtedness, <br />if any, and interest thereon, have been paid, <br />all moneys thereafter received from taxes <br />upon the taxable property in the project area <br />M U M IXII <br />shall be paid to the respective taxing agen- <br />cies as taxes on all other property are paid. <br />C. That portion of the taxes in excess of <br />the amount identified in subsection A that <br />are attributable to a tax rate levied by a tax- <br />ing agency for the purpose of producing <br />revenues in an amount sufficient to make <br />annual repayments of the principal of, and <br />the interest on, any bonded indebtedness for <br />the acquisition or improvement of real prop- <br />erty shall be allocated to, and when collected <br />shall be paid into, the fund of that taxing <br />agency. <br />The agency is authorized to irrevocably <br />pledge tax increment funds for the payment <br />of the principal of and interest on any ad- <br />vance of moneys, loans, or any indebtedness <br />incurred (whether funded, refunded, as- <br />sumed, or otherwise) to finance or refinance, <br />in whole or in part, the project. <br />The agency shall decline tax increment <br />funds generated from the parcels set forth in <br />Attachment A to the ordinance codified in <br />this section. From the effective date of this <br />amendment, the tax increment from these <br />parcels shall accrue to the taxing agencies as <br />if no redevelopment plan were in effect. <br />Attachment A <br />Area A <br />077A-0647-009-27 <br />077A-0647-009-32 <br />077A-0647-009-35 <br />077A-0647-009-37 <br />077A-0647-009-40* <br />077A-0647-009-42 <br />077A-0647-009-44* <br />077A-0647-010-00 <br />077A-0647-011-00 <br />077A-0647-012-03 <br />Area B <br />145 (San Leandro Redevelopment Agency Supp. No. 2, 12-05) <br />