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File Number: 21-744 ·2018 Tax Allocation Bonds - $2,465,305 o Annual debt service payment is made per the payment schedule. The 2018 bonds replaced the 2008 Tax Allocation Bonds, which were refinanced under better terms and ‘retired’ on the 2019-2020 ROPS. The consolidated Alameda County Oversight Board is scheduled to review this ROPS and Administrative Budget on January 19, 2022. If approved, it will be forwarded to the California Department of Finance, the State Controller’s Office and the Alameda County Auditor Controller after that action is finalized. Previous Actions ·On January 9, 2012, the City Council affirmed its decision to have the City serve as the Successor Agency to the former Redevelopment Agency and to retain the Agency’s housing assets and functions. ·On January 19, 2016, the Successor Agency to the Redevelopment Agency of the City of San Leandro approved a reinstated Loan Agreement between the City and the Successor Agency and authorized execution of the amended and restated promissory note for the Plaza Project Loan. ·On September 19, 2016, the Successor Agency to the Redevelopment Agency of the City of San Leandro approved an Agreement with the City of San Leandro regarding the expenditure of $600,000 of excess bond proceeds and authorizing the transfer of such proceeds to the City of San Leandro. ·On January 17, 2017, the Successor Agency to the Redevelopment Agency of the City of San Leandro approved an Agreement with the City of San Leandro regarding the expenditure of $1,764,526 of excess bond proceeds and authorizing the transfer of such proceeds to the City of San Leandro. ·On December 18, 2017, the Successor Agency to the Redevelopment Agency of the City of San Leandro approved the issuance of the 2018 Tax Allocation Bonds in order to refund the outstanding 2008 Tax Allocation Bonds. ·In accordance with Health and Safety Code Section 34179(j), the ten oversight boards then in place in the County of Alameda consolidated into one Oversight Board commencing on and after June 1, 2018. Fiscal Impacts As noted above, the Enforceable Obligations listed on the ROPS are paid using funds disbursed by the County Auditor-Controller through property tax revenue deposited into the Redevelopment Tax Trust Fund (RPTTF). The General Fund (or any other City fund) does not bear any responsibility for the payment of approved enforceable obligations of the former Redevelopment Agency. ATTACHMENT(S) Attachment(s) to Related Legislative Files Attached to Resolution: o 2022-23 ROPS and Administrative Budget Page 3 City of San Leandro Printed on 12/30/2021 528