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File Number: 18-008 <br />·On January 9, 2012, the City Council affirmed its decision to have the City serve as the <br />Successor Agency for the former Redevelopment Agency and to retain the Agency’s housing <br />assets and functions. <br />·On January 19, 2016, the Successor Agency to the Redevelopment Agency of the City of San <br />Leandro approved a Reinstated Loan Agreement between the City and the Successor <br />Agency and Authorizing Execution of an Amended and Restated Promissory Note for the <br />Plaza Project Loan. <br />·On September 19, 2016, the Successor Agency to the Redevelopment Agency of the City of <br />San Leandro approved an Agreement with the City of San Leandro regarding the expenditure <br />of $600,000 of excess bond proceeds and authorizing the transfer of such proceeds to the <br />City of San Leandro. <br />·On January 17, 2017, the Successor Agency to the Redevelopment Agency of the City of San <br />Leandro approved an Agreement with the City of San Leandro regarding the expenditure of $ <br />1,764,526 of excess bond proceeds and authorizing the transfer of such proceeds to the City <br />of San Leandro. <br />Fiscal Impacts <br />As noted above, the Enforceable Obligations listed on the ROPS are paid using funds disbursed <br />by the County Auditor-Controller through property tax revenue deposited into the Redevelopment <br />Property Tax Trust Fund (RPTTF). The General Fund (or any other City fund) does not bear any <br />responsibility for the payment of approved enforceable obligations of the former Redevelopment <br />Agency. <br />Attachment to Resolution <br />·ROPS <br />PREPARED BY: Katie Bowman, Economic Development Manager, Community Development <br />Department <br />Page 4 City of San Leandro Printed on 1/9/2018