Deed - 2512 Davis St - File D-1414, 2009-0601

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taxes by or for the taxing agencies on all other property are paid; and B. Except as provided in subsection C of this section, that portion of the levied taxes each year in excess of that amount shall be al- located to and when collected shall be paid into a special fund of the agency to pay the princi- pal of and interest on loans, moneys advanced to, or indebtedness (whether funded, refunded, assumed, or otherwise) incurred by the agency to finance or refinance, in whole or in part, the project. When the loans, advances, and indebt- edness, if any, and interest thereon, have been paid, all moneys thereafter received from taxes upon the taxable property in the project area shall be paid to the respective taxing agencies as taxes on all other property are paid. C. That portion of the taxes in excess of the amount identified in subsection A that are attributable to a tax rate levied by a taxing agency for the purpose of producing revenues in an amount sufficient to make annual re- payments of the principal of, and the interest on, any bonded indebtedness for the acquisi- tion or improvement of real property shall be allocated to, and when collected shall be paid into, the fund of that taxing agency. The agency is authorized to irrevocably pledge tax increment funds for the payment of the principal of and interest on any advance of moneys, loans, or any indebtedness incurred (whether funded, refunded, assumed, or oth- erwise) to finance or refinance, in whole or in part, the project. The agency shall decline tax increment fiends generated from the parcels set forth in Attachment A to the ordinance codified in this section. From the effective date of this amendment, the tax increment from these par- cels shall accrue to the taxing agencies as if no redevelopment plan were in effect. 3.401.030 Attachment A Area A 077A-0647-009-27 077A-0647-009-32 077A-0647-009-35 077A-0647-009-37 077A-0647-009-40* 077A-0647-009-42 077A-0647-009-44* 077A-0647-010-00 077A-0647-01 1 -00 077A-0647-012-03 Area B 077A-0745-040-0 t 077A-0745-041-01 * * 077A-0745-043-01** 077A-0745-045-06 077A-0745-049-01 Area C 079A-0395-006-10*** 079A-0395-006-11*** • Shown as APN 077A-0647-00945 in 1998-99 Base Year APN List. •' Shown as APN 077A-0745-041-00, 077A-0745-042-00 and 077A-0745-043-00 in 1998-99 Base Year APN List. Shown as APN 079A-0395-005-01 and 079A-0395-006-06 in 1998-99 Base Year APN List. (Ord. 2000-14 § 2, 2000; Ord. 99-025 § 402, 1999) 3.40.030 Payments to taxing entities. Commencing with the first fiscal year in which the agency receives tax increments and continuing through the last fiscal year in which the agency receives tax increments, the agency shall pay to the affected taxing enti- ties, including the city if the city elects to re- ceive a payment, an amount equal to twenty- five percent (25%) of the tax increments re- ceived by the agency after the amount re- 149 (San Leandro Redevelopment Agency 3-05)