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File Number: 18-141 <br />savings within the parameters set forth in Section 34177.5(a)(1) (the “Savings Parameters”); <br />WHEREAS, the Successor Agency, pursuant to Resolution No. 2017-008 SA (the “SA <br />Resolution”), adopted on December 18, 2017, approved the issuance by the Successor Agency <br />to the Redevelopment Agency of the City of San Leandro Alameda County - City of San Leandro <br />Redevelopment Project 2018 Tax Allocation Refunding Bonds (the “Refunding Bonds”) subject to <br />the Savings Parameters being met; <br />WHEREAS, the Successor Agency requested that the Oversight Board for the Successor <br />Agency (the “Oversight Board”) approve the issuance of the Refunding Bonds by the Successor <br />Agency; <br />WHEREAS, the Oversight Board, by Resolution OB No. 2017-06 OB (the “OB Resolution”), <br />adopted December 20, 2017, approved the issuance of the Refunding Bonds by the Successor <br />Agency, and the OB Resolution, together with additional materials, were submitted to the <br />California Department of Finance for its approval of the OB Resolution and the issuance of the <br />Refunding Bonds; <br />WHEREAS, the Successor Agency and the Oversight Board, pursuant to the SA Resolution and <br />OB Resolution, respectively, each approved the issuance of the Refunding Bonds as a single <br />issue, or from time to time, in separate series, each of which may be issued on a taxable or <br />tax-exempt basis, as the Successor Agency shall determine is necessary to comply with Federal <br />tax laws; <br />WHEREAS, on January 31, 2018, the California Department of Finance notified the Successor <br />Agency of its approval of the issuance of the Refunding Bonds; <br />WHEREAS, to comply with Federal tax laws, the Successor Agency has determined to issue the <br />Refunding Bonds as two separate series of bonds captioned “Successor Agency to the <br />Redevelopment Agency of the City of San Leandro Alameda County - City of San Leandro <br />Redevelopment Project Tax Allocation Refunding Bonds, Series 2018A” and “Successor Agency <br />to the Redevelopment Agency of the City of San Leandro Alameda County - City of San Leandro <br />Redevelopment Project Tax Allocation Refunding Bonds, Series 2018B (Federally Taxable)”; <br />WHEREAS, the Successor Agency, with the assistance of Jones Hall, A Professional Law <br />Corporation, as disclosure counsel, Kitahata & Company, its municipal advisor, and Urban <br />Analytics LLC, as fiscal consultant, has prepared a draft of the Official Statement for the <br />Refunding Bonds (the "Official Statement"), which contains, among other things, information <br />regarding the Refunding Bonds, the Former Agency and the Successor Agency, the preliminary <br />form of which is on file with the City Clerk; <br />WHEREAS, the Successor Agency, with the aid of its staff, has reviewed the Official Statement <br />and wishes at this time to approve its use and distribution as in the public interests of the <br />Successor Agency and applicable taxing entities; <br />NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of San <br />Page 2 City of San Leandro Printed on 3/27/2018 <br />100