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City of San Leandro <br />Meeting Date: April 2, 2018 <br />Resolution - Council <br />Agenda Section:File Number:18-141 ACTION ITEMS <br />Agenda Number: <br />TO:City Council <br />FROM:Jeff Kay <br />Interim City Manager <br />BY:David Baum <br />Finance Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:A RESOLUTION of the Successor Agency to the Redevelopment Agency of the <br />City of San Leandro Confirming the Issuance of Refunding Bonds Pursuant to an <br />Indenture of Trust, Approving Preliminary and Final Official Statements and <br />Providing Other Matters Relating Thereto <br />WHEREAS, the Redevelopment Agency of the City of San Leandro (the “Former Agency”) was a <br />public body, corporate and politic, duly established and authorized to transact business and <br />exercise powers under and pursuant to the provisions of the Community Redevelopment Law of <br />the State of California, constituting Part 1 of Division 24 of the Health and Safety Code of the <br />State (as amended, the "Redevelopment Law"); <br />WHEREAS. Assembly Bill x1 26, effective June 29, 2011, together with AB 1484, effective June <br />27, 2012 (“AB 1484”), codified Part 1.8 (commencing with Section 34161) and Part 1.85 <br />(commencing with Section 34170) of Division 24 of the California Health and Safety Code (as <br />amended from time to time, the “Dissolution Act”); <br />WHEREAS, pursuant to Section 34172(a) of the Dissolution Act, the Former Agency has been <br />dissolved and no longer exists as a public body, corporate and politic, and pursuant to Section <br />34173 of the Dissolution Act, the City of San Leandro (the “City”) has become the successor <br />entity to the Agency (the “Successor Agency”); <br />WHEREAS, prior to the dissolution the Former Agency, the Former Agency issued its Alameda <br />County - City of San Leandro Redevelopment Project Tax Allocation Bonds, Series 2008 (the <br />“Prior Bonds”), to provide moneys to finance redevelopment activities for the Alameda County - <br />City of San Leandro Redevelopment Project Area; <br />WHEREAS, Section 34177.5 authorizes the Successor Agency to issue refunding bonds <br />pursuant to Article 11 (commencing with Section 53580) of Chapter 3 of Part 1 of Division 2 of <br />Title 5 of the Government Code (the “Refunding Law”) for the purpose of achieving debt service <br />Page 1 City of San Leandro Printed on 3/27/2018 <br />99