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<br />8 <br />REFUNDING PLAN <br /> <br />Refunding of the Prior Bonds <br /> <br />Pursuant to Irrevocable Refunding Instructions (the “Prior Bonds Refunding <br />Instructions”), by and between the Successor Agency and U.S. Bank National Association, as <br />trustee of the Prior Bonds (in such capacity, the “Prior Bonds Escrow Bank”), the Successor <br />Agency will deliver a portion of the proceeds of the 2018 Bonds, along with other available <br />amounts, to the Prior Bonds Escrow Bank for deposit in an escrow account established under <br />the Prior Bonds Refunding Instructions (in such capacity, the “Prior Bonds Escrow Account”). <br /> <br />The Prior Bonds Escrow Bank will invest such amount in certain federal securities <br />through September 1, 2018 (the “Redemption Date”). From the amounts on deposit in the <br />Prior Bonds Escrow Account, the Prior Bonds Escrow Bank will pay, on the Redemption Date, <br />the outstanding principal amount of the Prior Bonds and the accrued interest on the Prior Bonds <br />to the Redemption Date. <br /> <br />The Prior Bonds to be redeemed by the 2018 Bonds are set forth in the following table. <br /> <br />SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY <br />OF THE CITY OF SAN LEANDRO <br />Identification of Refunded 2008 Bonds* <br /> <br />Maturity Date <br />(September 1) CUSIP† <br />Principal <br />Amount <br />2018 798456 CT4 $ 645,000 <br />2019 798456 CU1 675,000 <br />2020 798456 CV9 705,000 <br />2021 798456 CW7 735,000 <br />2022 798456 CX5 770,000 <br />2023 798456 CY3 805,000 <br />2024 798456 CZ0 845,000 <br />2025 798456 DA4 885,000 <br />2026 798456 DB2 930,000 <br />2027 798456 DC0 975,000 <br />2028 798456 DD8 1,025,000 <br />2029 798456 DE6 1,080,000 <br />2030 798456 DF3 1,140,000 <br />2031 798456 DG1 1,200,000 <br />2032 798456 DH9 1,270,000 <br />2038 798456 DJ5 9,175,000 <br /> <br />*Preliminary; subject to change. † CUSIP® is a registered trademark of the American Bankers Association. CUSIP® data herein is provided by Standard & Poor’s CUSIP Service Bureau. This data is not intended to create a database and does not serve in any way as a substitute for the CUSIP Service Bureau. CUSIP® numbers are provided for convenience of reference only. <br />Neither the Successor Agency nor the Trustee take any responsibility for the accuracy of such numbers. <br /> The amounts held by the Prior Bonds Escrow Bank in the Prior Bonds Escrow Account <br />are pledged solely to the amounts due and payable by the Successor Agency for the Prior <br />Bonds. Neither the funds deposited in the Prior Bonds Escrow Account nor any interest on the invested funds will be available for the payment of debt service with respect to the 2018 Bonds. <br />113