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WHEREAS, the Successor Agency requested that the Oversight Board for the Successor
<br /> Agency(the "Oversight Board") approve the issuance of the Refunding Bonds by the Successor
<br /> Agency;
<br /> WHEREAS,the Oversight Board, by Resolution OB No. 2014-002B (the "OB
<br /> Resolution"), adopted June 25, 2014, approved the issuance of the Refunding Bonds by the
<br /> Successor Agency, and the OB Resolution, together with additional materials, have been
<br /> submitted to the California Department of Finance for its approval of the OB Resolution and the
<br /> issuance of the Refunding Bonds;
<br /> WHEREAS,the Successor Agency, with the assistance of Jones Hall, A Professional
<br /> Law Corporation, as disclosure counsel, and the firm of Public Financial Management, Inc., as
<br /> financial advisor, has prepared a draft of the Official Statement for the Refunding Bonds (the
<br /> "Official Statement"), which contains, among other things, information regarding the Refunding
<br /> Bonds,the Former Agency and the Successor Agency, the preliminary form of which is on file
<br /> with the City Clerk;
<br /> WHEREAS,the Successor Agency, with the aid of its staff, has reviewed the Official
<br /> Statement and wishes at this time to approve its use and distribution as in the public interests of
<br /> the Successor Agency and applicable taxing entities;
<br /> NOW,THEREFORE,the Successor Agency to the Redevelopment Agency of the City
<br /> of San Leandro RESOLVES as follows:
<br /> 1. Confirmation of Approval of Issuance of the Refunding Bonds;Name of
<br /> Refunding Bonds. The Successor Agency hereby confirms its actions in the SA Resolution
<br /> authorizing and approving the issuance and sale of the Refunding Bonds. Notwithstanding such
<br /> confirmation, the Successor Agency hereby changes the name of the Refunding Bonds to
<br /> "Successor Agency of the City of San Leandro 2014 Tax Allocation Refunding Bonds
<br /> (Redevelopment Projects)."
<br /> 2. Approval of Official Statement. The Successor Agency hereby approves the
<br /> preliminary Official Statement in substantially the form on file with the City Clerk. Distribution
<br /> of the preliminary Official Statement by the Successor Agency and Stifel,Nicolaus & Company,
<br /> Incorporated(the "Underwriter") is hereby approved, and, prior to the distribution of the
<br /> preliminary Official Statement, the Mayor, the City Manager or the Finance Director of the City,
<br /> on behalf of the Successor Agency (each, an"Authorized Officer"), each acting alone, are
<br /> authorized and directed, on behalf of the Successor Agency,to deem the preliminary Official
<br /> Statement"final"pursuant to Rule 15c2-12 under the Securities Exchange Act of 1934 (the
<br /> "Rule"). The execution of the final Official Statement, which shall include such changes and
<br /> additions thereto deemed advisable by the Authorized Officer executing the same, and such
<br /> information permitted to be excluded from the preliminary Official Statement pursuant to the
<br /> Rule, is hereby approved for delivery to the purchasers of the Refunding Bonds, and each
<br /> Authorized Officer, acting alone, is authorized and directed to execute and deliver the final
<br /> Official Statement for and on behalf of the Successor Agency,to deliver to the Underwriter a
<br /> certificate with respect to the information set forth therein and to deliver to the Underwriter a
<br /> RESOLUTION NO.2014-004 SA 2
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