RDA Reso 2004-005 - Laserfiche WebLink

Home

29210-04 J H: S M:I dw 03/19/04 04/05/04 REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2004-005 RDA (3020) RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN LEANDRO AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $6,000,000 AGGREGATE PRINCIPAL AMOUNT OF WEST SAN LEANDRO/MACARTHUR BOULEVARD REDEVELOPMENT PROJECT TAX ALLOCATION BONDS, SERIES 2004, APPROVING AND AUTHORIZING AND DIRECTING EXECUTION OF INDENTURE OF TRUST RELATING THERETO, AUTHORIZING SALE OF SUCH BONDS, APPROVING OFFICIAL STATEMENT, AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO RESOLVED, by the Redevelopment Agency of the City of San Leandro (the "Agency"), as follows: WHEREAS, the Agency is authorized pursuant to the Community Redevelopment Law, being Part 1 of Division 24 (commencing with Section 33000) of the Health and Safety Code of the State of California (the "Law") to issue its tax allocation bonds for the purpose of financing redevelopment activities within and of benefit to its West San Leandro/MacArthur Boulevard Redevelopment Project (collectively, the "Redevelopment Project"); and WHEREAS, a Redevelopment Plan for the Redevelopment Project (the "Redevelopment Plan") has been adopted in compliance with all requirements of the Law; and WHEREAS, in order to provide funds to finance its redevelopment activities with respect to the Redevelopment Project, the Agency has determined to issue its not to exceed $6,000,000 aggregate principal amount of Redevelopment Agency of the City of San Leandro West San Leandro/MacArthur Boulevard Redevelopment Project Tax Allocation Bonds, Series 2004 (the "Bonds") pursuant to an Indenture of Trust, which is expected to be dated as of June 1, 2004, by and between the Agency and U.S. Bank National Association, as trustee (the "Indenture"); and WHEREAS, the Bonds will be payable from Tax Revenues (as defined in the Indenture); and WHEREAS, the Agency desires to sell the Bonds at public sale pursuant to a competitive bid procedure and as provided in the hereinafter approved Official Notice of Sale; and WHEREAS, for purposes of the sale of the Bonds, Jones Hall, A Professional Law Corporation, the Agency's Disclosure Counsel, has assisted the Agency in the preparation of an Official Statement describing the Bonds, the preliminary form of which is on file with the Secretary; and WHEREAS, the Agency has duly considered such transactions and the implementing documents, including, without limitation, the Indenture, the Official Notice of Sale, the Official