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<br />A-2
<br />the Trustee as of the Record Date for which such Interest Payment Date occurs; provided
<br />however, that payment of interest may be by wire transfer to an account in the United States of
<br />America to any registered owner of Bonds in the aggregate principal amount of $1,000,000 or
<br />more upon written instructions of any such registered owner filed with the Trustee for that purpose
<br />prior to the Record Date preceding the applicable Interest Payment Date.
<br />
<br />This Bond is one of a duly authorized issue of bonds of the Successor Agency designated
<br />as “Successor Agency to the Redevelopment Agency of the City of San Leandro, Alameda County
<br />- City of San Leandro Redevelopment Project 2018 Tax Allocation Refunding Bonds” (the
<br />“Bonds”), in an aggregate principal amount of ____________ ($____________), all of like tenor
<br />and date (except for such variation, if any, as may be required to designate varying series,
<br />numbers, maturities, interest rates, redemption and other provisions) and all issued pursuant to
<br />the provisions of Section 34177.5 of the Health and Safety Code of the State of California and
<br />Article 11 (commencing with Section 53580) of Chapter 3 of Part 1 of Division 2 of Title 5 of the
<br />Government Code of the State of California (the “Refunding Law”) and pursuant to an Indenture
<br />of Trust, dated as of ____________1, 2018, entered into by and between the Successor Agency
<br />and the Trustee (the “Indenture”), authorizing the issuance of the Bonds. Additional bonds, or
<br />other obligations may be issued on a parity with the Bonds, but only subject to the terms of the
<br />Indenture. Reference is hereby made to the Indenture (copies of which are on file at the office of
<br />the Successor Agency) and all indentures supplemental thereto and to the Law (as defined in the
<br />Indenture) and the Refunding Law for a description of the terms on which the Bonds are issued,
<br />the provisions with regard to the nature and extent of the Tax Revenues (as that term is defined
<br />in the Indenture), and the rights thereunder of the registered owners of the Bonds and the rights,
<br />duties and immunities of the Trustee and the rights and obligations of the Successor Agency
<br />thereunder, to all of the provisions of which Indenture the Registered Owner of this Bond, by
<br />acceptance hereof, assents and agrees.
<br />
<br />The Bonds have been issued by the Successor Agency for the purpose of providing funds
<br />to refund all of the outstanding $27,530,000 original principal amount of Redevelopment Agency
<br />of the City of San Leandro Alameda County - City of San Leandro Redevelopment Project Tax
<br />Allocation Bonds, Series 2008, and to pay certain expenses of the Successor Agency in issuing
<br />the Bonds.
<br />
<br />There has been created under the Law the Redevelopment Obligation Retirement Fund
<br />(as defined in the Indenture) into which Tax Revenues shall be deposited and from which the
<br />Successor Agency shall transfer amounts to the Trustee for payment, when due, of the principal
<br />of and the interest and redemption premium, if any, on the Bonds. As and to the extent set forth
<br />in the Indenture, all such Tax Revenues are exclusively and irrevocably pledged to and constitute
<br />a trust fund, in accordance with the terms hereof and the provisions of the Indenture and the Law,
<br />for the security and payment or redemption of, including any premium upon early redemption, and
<br />for the security and payment of interest on, the Bonds. In addition, the Bonds shall be additionally
<br />secured at all times by a first and exclusive pledge of, security interest in and lien upon all of the
<br />moneys in the Redevelopment Obligation Retirement Fund, the Debt Service Fund, the Interest
<br />Account, the Principal Account, the Sinking Account, the Reserve Account and the Redemption
<br />Account (as such terms are defined in the Indenture). Except for the Tax Revenues and such
<br />moneys, no funds or properties of the Successor Agency shall be pledged to, or otherwise liable
<br />for, the payment of principal of or interest or redemption premium, if any, on the Bonds.
<br />
<br />The Bonds maturing on or before September 1, 20__, are not subject to optional
<br />redemption prior to maturity. The Bonds maturing on and after September 1, 20__, are subject
<br />to redemption, at the option of the Successor Agency on any date on or after September 1, 20__,
<br />479
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