AgdaPkt 2003-09-08 - Laserfiche WebLink

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.9,A -19 S REDEVELOPMENT AGENCY OF THE MY OF REDWOOD MY Redevelopment Project Area No. 2 Tax Allocation Bonds, Series 20M INTRODUCTION The purpose of this Official Statement of the Redevelopment Agency of the City of Redwood City (the "Agency) is to set forth information in connection with the sale of its $ ` principal amount of Redevelopment Agency of the City of Redwood City Redevelopment Project Area No. 2 Tax Allocation Bonds, Series 2003A (the "Bonds "). The Bonds will be issued as current interest bonds (the "Current Interest Bonds ") in the principal amount of $ ` and capital appreciation bonds (the "Capital Appreciation Bonds ") in the stated amount of $ `. The Bonds are being issued under a Second Supplemental Indenture of Trust dated as of August 1, 2003 (the "Second Supplement), between the Agency and U.S. Bank National Association, as trustee (the "Trustee "), and pursuant to the Community Redevelopment Law, constituting Part I of Division 24 (commencing with Section 33000) of the Health and Safety Code of the State of California (the "Redevelopment Law "). The Second Supplement supplements that certain Indenture of Trust, dated as of June 15, 1997 (the "1997 Indenture "), pursuant to which the Agency issued its $15,430,000 Redevelopment Agency of the City of Redwood City Redevelopment Project Area No. 2 Tax Allocation Refunding Bonds, Series 1997 (the "1997 Bonds "), as supplemented by a First Supplemental Indenture of Trust dated as of August 1, 2003 (the "First Supplement "), for the purpose of financing and refinancing the acquisition and construction of certain public improvements and /or property located within the Agency's Redevelopment Project Area No. 2 (the "Project Area "). The 1997 Indenture, as supplemented and amended by the First Supplement and the Second Supplement, is referred to herein as the "Indenture). The proceeds of the Bonds will be used to (i) repay certain loans made by the City of Redwood City (the "City") to the Agency, (ii) pay the costs of certain redevelopment activities within the Project Area, (ill) fund a reserve fund for the Bonds, (iv) fund capitalized interest for the Bonds, and (v) pay costs of issuance relating to the Bonds. The Bonds are being issued for sale by the Agency to the City of Redwood City Public Financing Authority (the "Authority") under the Marks -Roos Local Bond Pooling Act of 1985, " Preliminary, subject to change. .1.