SA Reso 2018-003 - Laserfiche WebLink

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Successor Agency, and the OB Resolution,together with additional materials, were submitted to the California Department of Finance for its approval of the OB Resolution and the issuance of the Refunding Bonds; WHEREAS,the Successor Agency and the Oversight Board,pursuant to the SA Resolution and OB Resolution,respectively, each approved the issuance of the Refunding Bonds as a single issue, or from time to time, in separate series, each of which may be issued on a taxable or tax-exempt basis, as the Successor Agency shall determine is necessary to comply with Federal tax laws; WHEREAS, on January 31, 2018, the California Department of Finance notified the Successor Agency of its approval of the issuance of the Refunding Bonds; WHEREAS, to comply with Federal tax laws, the Successor Agency has determined to issue the Refunding Bonds as two separate series of bonds captioned"Successor Agency to the Redevelopment Agency of the City of San Leandro Alameda County - City of San Leandro Redevelopment Project Tax Allocation Refunding Bonds, Series 2018A"and"Successor Agency to the Redevelopment Agency of the City of San Leandro Alameda County - City of San Leandro Redevelopment Project Tax Allocation Refunding Bonds, Series 2018B (Federally Taxable)"; WHEREAS,the Successor Agency, with the assistance of Jones Hall,A Professional Law Corporation, as disclosure counsel, Kitahata& Company, its municipal advisor, and Urban Analytics LLC, as fiscal consultant, has prepared a draft of the Official Statement for the Refunding Bonds (the "Official Statement"), which contains, among other things, information regarding the Refunding Bonds,the Former Agency and the Successor Agency,the preliminary form of which is on file with the City Clerk; WHEREAS, the Successor Agency, with the aid of its staff, has reviewed the Official Statement and wishes at this time to approve its use and distribution as in the public interests of the Successor Agency and applicable taxing entities; NOW,THEREFORE, the Successor Agency to the Redevelopment Agency of the City of San Leandro RESOLVES as follows: 1. Confirmation of Approval of Issuance of the Refunding Bonds-, Name of Refunding Bonds. The Successor Agency hereby confirms its actions in the SA Resolution authorizing and approving the issuance and sale of the Refunding Bonds. Notwithstanding such confirmation, the Successor Agency hereby approves the issuance of the Refunding Bonds in two separate series captioned "Successor Agency to the Redevelopment Agency of the City of San Leandro Alameda County - City of San Leandro Redevelopment Project Tax Allocation Refunding Bonds, Series 2018A" and"Successor Agency to the Redevelopment Agency of the City of San Leandro Alameda County - City of San Leandro Redevelopment Project Tax Allocation Refunding Bonds, Series 2018B (Federally Taxable).". The Successor Agency hereby confirms that it does not intend for the interest on the Refunding Bonds to be captioned"Successor Agency to the Redevelopment Agency of the City of San Leandro Alameda County - City of San Leandro Redevelopment Project Tax Allocation Refunding Bonds, Series 2018B (Federally Taxable)"to be excluded from gross income for Federal tax purposes. RESOLUTION NO.2018-003 SA 2