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<br />1 <br />OFFICIAL STATEMENT <br /> <br />$___________* <br />SAN LEANDRO PUBLIC FINANCING AUTHORITY <br />2016 REFUNDING LEASE REVENUE BONDS <br /> <br /> <br />INTRODUCTION <br /> <br />This introduction is not a summary of this Official Statement. It is only a brief description <br />of and guide to, and is qualified by, more complete and detailed information contained in the <br />entire Official Statement, including the cover page and appendices, and the documents <br />summarized or described in this Official Statement. A full review should be made of the entire <br />Official Statement. The offering to potential investors is made only by means of the entire <br />Official Statement. <br />Capitalized terms used but not defined in this Official Statement have the meanings set <br />forth in the Indenture (as defined below). See “APPENDIX B – SUMMARY OF PRINCIPAL <br />LEGAL DOCUMENTS.” <br />Authority for Issuance. The San Leandro Public Financing Authority (the “Authority”) is <br />issuing its 2016 Refunding Lease Revenue Bonds (the “Bonds”) under the following legal <br />authority: <br />• Article 4 of Chapter 5, Division 7, Title 1 of the Government Code of the State of <br />California, commencing with Section 6584 of said Code (the “Bond Law”), <br /> <br />• an Indenture of Trust (the “Indenture”), dated as of December 1, 2016, by and <br />between the Authority and U.S. Bank National Association, as trustee (the <br />“Trustee”), <br /> <br />• a resolution adopted by the Board of Directors (the “Board”) of the Authority on <br />October 17, 2016 (the “Authority Resolution”), and <br /> <br />• a resolution adopted by the City Council (the “City Council”) of the City of San <br />Leandro (the “City”) on October 17, 2016 (the “City Resolution”). <br /> Form of Bonds; Book–Entry Only. The Bonds will be issued in fully registered form, <br />registered in the name of The Depository Trust Company (“DTC”), or its nominee, which will act <br />as securities depository for the Bonds. Purchasers of the Bonds will not receive certificates <br />representing the Bonds that are purchased. See “THE BONDS – Book–Entry Only System” and <br />“APPENDIX E – DTC AND THE BOOK–ENTRY ONLY SYSTEM.” <br />Purpose of the Bonds. The Bonds are being issued to provide funds to refund, on a <br />current basis, (i) all of the outstanding 2007 Certificates of Participation (Library and Fire <br />Stations Refunding Project) (the “2007 Certificates”) which the City caused to be executed and <br />delivered in 2007, together with related lease payment obligations of the City, and (ii) pay the <br />costs of issuing the Bonds. <br /> * Preliminary, subject to change.