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incurred with respect to the refunding proceedings of the Refunding Bonds from such <br />property tax revenues pursuant to Section 34183 without reduction in its Administrative <br />Cost Allowance. <br />Section 7. Effective Date. Pursuant to Health and Safety Code Section 34177(f) and <br />Section 34179(h), this Resolution shall be effective five (5) business days after proper <br />notification hereof is given to the California Department of Finance unless the California <br />Department of Finance requests a review of the actions taken in this Resolution, in which case <br />this Resolution will be effective upon approval by the California Department of Finance. <br />Section 8. Transmittal. The Successor Agency is hereby directed to transmit this <br />Resolution to the California Department of Finance. <br />PASSED AND ADOPTED AT A REGULAR MEETING OF THE OVERSIGHT BOARD FOR <br />THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF <br />SAN LEANDRO ON DECEMBER 20, 2417 BY THE FOLLOWING VOTE: <br />AYES: Girant, Jermanis, Mack -Rose, Penaranda, Chan <br />Q1 to] <br />ABSENT: Gin, Williams <br />F."INIM11 <br />Katie Bowman, Secretary <br />0 <br />Supervisor Wilma Chan, Chair <br />