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<br /> <br />Bonds, interest thereon and premium, if any, are not payable out of any funds or properties other than those set forth in the Indenture. <br />Neither the members of the Successor Agency, the Oversight Board of the Successor Agency, the County Board of Supervisors nor any <br />persons executing the 2014 Bonds are liable personally on the 2014 Bonds. <br /> <br />The 2014 Bonds are offered, when, as and if issued, subject to the approval of Jones Hall, A Professional Law Corporation, San <br />Francisco, Bond Counsel to the Successor Agency. Jones Hall, A Professional Law Corporation, is also acting as Disclosure Counsel to <br />the Successor Agency. Certain legal matters will be passed on for the Successor Agency by Meyers, Nave, Riback, Silver & Wilson and <br />for the Underwriter by Stradling Yocca Carlson & Rauth, A Professional Corporation, Newport Beach, California, Underwriter’s Counsel. <br />It is anticipated that the 2014 Bonds will be available for delivery through the facilities of DTC in New York, New York, on or about <br />_________, 2014. <br /> <br /> <br /> <br />The date of this Official Statement is ___________, 2014.