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CITY OF SAN LEANDRO
<br />NOTES TO BASIC FINANCIAL STATEMENTS
<br />For The Year Ended June 30, 2015
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<br />NOTE 17 – SUCCESSOR AGENCY ACTIVITIES (Continued)
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<br />D. Long-Term Debt Obligations
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<br />At June 30, 2015, future debt service requirements for the Successor Agency were as follows:
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<br />Balance Balance Current Long-Term
<br />June 30, 2014 Additions Retirements June 30, 2015 Portion Portion
<br />2002 Tax Allocation Bonds 11,080,000$ $(11,080,000)$ -$ $$
<br />2004 Tax Allocation Bonds 4,850,000 (4,850,000)
<br />2008 Tax Allocation Bonds 25,195,000 (550,000) 24,645,000 570,000 24,075,000
<br />2013 Refunding Lease Revenue Bonds
<br />Successor Agency Portion 2,937,000 (175,000) 2,762,000 175,000 2,587,000
<br />2014 Tax Allocation Refunding Bonds
<br />Successor Agency Portion 11,235,000 11,235,000 11,235,000
<br />Owner Participation Agreements 1,716,037 (207,546) 1,508,491 240,000 1,268,491
<br />San Leandro USD - 9th Grade 334,144 (167,072) 167,072 167,072
<br />King Property Settlement 5,000,000 (750,000) 4,250,000 1,500,000 2,750,000
<br />HUD 108 Guarantee Notes
<br />Affordable Housing 370,000 (63,000) 307,000 63,000 244,000
<br />Total 51,482,181$ 11,235,000$ (17,842,618)$ 44,874,563$ 2,715,072$ 42,159,491$
<br />Plus (Less) unamortized:
<br />Discount (2002 TAB)(61,608)$ $61,608$ $$$
<br />Premium (2008 TAB)169,568 (6,522) 163,046 6,522 156,524
<br />Premium (2013 LRRB)109,171 (8,562) 100,609 8,562 92,047
<br />Premium (2014 TAB)1,633,277 (40,832) 1,592,445 40,832 1,551,613
<br />Total Government Activity Debt 51,699,312$ 12,868,277$ (17,836,926)$ 46,730,663$ 2,770,988$ 43,959,675$
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<br />2002 Tax Allocation Bonds
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<br />In fiscal year 2004, the former Redevelopment Agency issued $15,935,000 principal amount of Tax
<br />Allocation Bonds (2002 TABs) to refund the 1993 Tax Allocation Bonds (1993 TABs) used to finance
<br />the redevelopment activities within the Plaza Project Area (which have been completed) and to finance
<br />new redevelopment projects as set forth in the former Redevelopment Plan.
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<br />As of June 30, 2015, the 2002 Tax Allocation Bonds were refunded and retired by the former
<br />Redevelopment Agency through the issuance of the 2014 Tax Allocation Bonds.
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