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City of San Leandro <br />Meeting Date: September 2, 2014 <br />Resolution - SA <br />Agenda Section:File Number:14-360 ACTION ITEMS <br />Agenda Number: <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:RESOLUTION of the Successor Agency to the Redevelopment Agency of the <br />City of San Leandro Confirming the Issuance of Refunding Bonds Pursuant to <br />an Indenture of Trust, Approving Preliminary and Final Official Statements and <br />Providing Other Matters Relating Thereto (refunds $10,375,000 of outstanding <br />2002 Tax Allocation Bonds and $4,720,000 of outstanding 2004 Tax <br />Allocation Bonds) <br />WHEREAS, the Redevelopment Agency of the City of San Leandro (the “Former <br />Agency”) was a public body, corporate and politic, duly established and authorized to transact <br />business and exercise powers under and pursuant to the provisions of the Community <br />Redevelopment Law of the State of California, constituting Part 1 of Division 24 of the Health <br />and Safety Code of the State (as amended, the "Redevelopment Law"); <br />WHEREAS. Assembly Bill x1 26, effective June 29, 2011, together with AB 1484, <br />effective June 27, 2012 (“AB 1484”), codified Part 1.8 (commencing with Section 34161) and <br />Part 1.85 (commencing with Section 34170) of Division 24 of the California Health and Safety <br />Code (as amended from time to time, the “Dissolution Act”); <br />WHEREAS, pursuant to Section 34172(a) of the Dissolution Act, the Former Agency <br />has been dissolved and no longer exists as a public body, corporate and politic, and pursuant <br />to Section 34173 of the Dissolution Act, the City of San Leandro (the “City”) has become the <br />successor entity to the Agency (the “Successor Agency”); <br />WHEREAS, prior to the dissolution of the Former Agency, the Former Agency issued <br />its Redevelopment Agency of the City of San Leandro Plaza Redevelopment Project Tax <br />Allocation Bonds, Series 2002 (the “Prior 2002 Bonds”) in the initial aggregate principal <br />amount of $15,935,000 for the purpose of financing redevelopment activities and of providing <br />funds to refinance the Prior 1993 Bonds; <br />WHEREAS, prior to the dissolution of the Former Agency, the Former Agency issued <br />Page 1 City of San Leandro Printed on 8/26/2014