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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
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