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10B Action 2014 0616
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10B Action 2014 0616
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6/30/2014 10:00:25 AM
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6/11/2014 10:56:24 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/16/2014
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PowerPoint 10B Action 2014 0616 Tax Allocation Bonds
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\City Clerk\City Council\Agenda Packets\2014\Packet 2014 0616
SA Reso 2014-002
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\City Clerk\City Council\Resolutions\2014
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-14- <br />"Securities Depositories" means DTCand, in accordance with then current guidelines of <br />the Securities and Exchange Commission, such other addresses and/or such other securities <br />depositories as the Successor Agencymay designate in a Written Request of the Successor <br />Agencydelivered to the Trustee. <br />“Semiannual Period” means (a) each six-month period beginning on January 1 of any <br />calendar year and ending on June 30of such calendar year, and (b) each six-month period <br />beginning on July 1 of any calendar year and ending on December 31 of such calendar year. <br />"Serial Bonds" means all Bonds other than Term Bonds. <br />"Sinking Account" means the account by that name established and held by the Trustee <br />pursuant to Section 4.03(c). <br />"State" means the State of California. <br />“Subordinate Debt” means any Loan, advances or indebtedness issued or incurred by <br />the Successor Agency, which are either: (a) payable from, but not secured by a pledge of or lien <br />upon, the Tax Revenues, including revenue bonds and other debts and obligations scheduled <br />for payment pursuant to Section 34183(a)(2) of the Law; or (b) secured by a pledge of or lien <br />upon the Tax Revenues which is subordinate to the pledge of and lien upon the Tax Revenues <br />hereunder for the security of the Bonds. <br />“Successor Agency”means the Successor Agencyto the Redevelopment Agency of the <br />City of San Leandro, a public entity duly organized and existing under the Law. <br />"Supplemental Indenture" means any resolution, agreement or other instrument which <br />has been duly adopted or entered into by the Successor Agency, but only if and to the extent <br />that such Supplemental Indenture is specifically authorized hereunder. <br />"Tax Revenues" means all taxes that were eligible for allocation to the Former Agency <br />with respect to the Project Areasand are allocated to the Successor Agencypursuant to Article <br />6 of Chapter 6 (commencing with Section 33670) of the Lawand Section 16 of Article XVI of the <br />Constitution of the State, or pursuant to other applicable State laws and that are paid to the <br />Successor Agency for deposit into the Redevelopment Obligation Retirement Fund, excluding: <br />(i) amounts required to pay debtservice on the 2008 Bonds or otherwise be deposited in <br />the Special Fund under the 2008 Indenture, but only to the extent such amounts are payable <br />from property tax revenues derived from the Alameda County-City of San Leandro Project Area; <br />(ii) amounts payable pursuant to the Pass-Through Agreements, but only to the extent <br />such amounts are payable from the Plaza Project Area, <br />(iii) amounts payable under the Fiscal Agreements[and the Development Agreement], <br />but only to the extent such amounts are payablefrom property tax revenues derived from the <br />Alameda County-City of San Leandro Project Area;and <br />(iv)amounts payable to the County, or required to be spent within that portion of the <br />Alameda County-City of San Leandro Project Areaoutside of the City limits pursuant to the <br />Project Area Agreement, but only to the extent such amounts are payable, or required to be
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