ttnt f ndbtdn fld th th nt f nt lr 200 -...

Statement of Indebtednessfiled with the County of Santa Clara

2009

CITY OF

SAN JOSECAPITAL OF SILICON VALLEY

The Redevelopment Agency of the City of San Josg

October 1, 2009

John GuthrieDirectorFinance Agency70 West Hedding StreetSan Jose, CA 95110

SUBJECT: Statement of Indebtedness

Dear John:

In accordance with Redevelopment Law contained in the California Health and Safety Code, Section 33675, theSan Jose Redevelopment Agency is filing with the County of Santa Clara its Statement of Indebtedness for the2009-2010 Tax Year

We are presenting a consolidated Statement of Indebtedness for the Merged Area Redevelopment Project. Thestatement is presented in the format as specified by AB 1290.

As defined by State law, the summation of Total Outstanding Debt less Available Revenues represents theamount of tax increment needed for the project area Based on the calculations submitted in the enclosed report,the Redevelopment Agency of the City of San Jose is entitled to all of the FY 2009-2010 tax incrementavailable for the Merged Area Redevelopment Project

The Agency maintains separate accounting records for each redevelopment area within the merged areas. Werequest that you continue identifying the tax increment and supplemental assessment revenues applicable toeach redevelopment area on documentation accompanying your payments.

Please contact either me or Lupe Aguinaga, Fiscal Officer, who prepared this report, at the number below.

Sincerely,

DAVID BAUMChief Financial Officer•

c: Kenneth Kan, County:of Santa Clara, Controller-Treasurer DepartmentAbraham Andrade,- SJRA

Attachment

200 East Santa Clara St., 14u Floor, San Jose, CA 95113 tel (408) 535-8500 fax (408) 292-6755 www.sjredevelopment.org

COVER PAGESTATEMENT OF INDEBTEDNESS , - CONSOLIDATED

FILED FORTHE 2009-2010 TAX YEAR

Name of Agency: THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSEName of Project Area MERGED AREA REDEVELOPMENT PROJECT

Balance Carried Forward FromLine

CurreraTotal

Outstanding DebtPrincipal/interest

Due During Tax Year

Fiscal Period - Totals (From Form A, Page 1 Totals) (1) $ 3,843,345,497(optional)Post Fiscal Period . Totals (From Form B Totals) (2)GrandTotals (3) $ 3,843,345A97Available RevenuesFrom Calculation of Available Revenues Line 7NetRequirement (5)

$ 233,884,612 ---:—

$ 3,609,460,885

Consolidate on this form all of the data contained on Form A and B(including supplemental pages). Form A is to include all indebtednessentered into as of June 30 of the Fiscal Year Form B may be filed at the option of the agency, and is to include indebtedness enteredinto post June 30, of the Fiscal Year, pursuant to Health and Safety Code Section 33675(c)(2). This is optional for each agency and is not arequirement for filing the Statement of Indebtedness. The Reconciliation Statement is to include indebtedness from Form A only

Certification of Chief Financial Officer: David Baum Director of Finance, Chief Financial Officer

Pursuant to SectiOn.33675(b) of the Health and Safety Code, .I hereby certify that the above is true and accurate Statementof indebtedness for the above named agency.

Name • Title

Ophf Signature Date

STATEMENT OF INDEBTEDNESS - FISCAL YEAR INDEBTEDNESS•F1L,ED FOR THE 2009-2010 TAX YEAR

FORM APage 1 of 2

Nartte of Redevelopment Area - THE REDEVELOPMENTAGENCY OF THE CITY SAN JOSEName of Project Area - MERGED PROJECT AREAFor Indebtedness Entered Into as of June 30, 2009

Debt Identification

Original Data ' Current

Date Principal Term Interest RateTotal

InterestTotal

Outstanding DebtPrincipal/Interest

Due During Tax YearA 1996 Revenue Bonds - Series A 6/1996 $ 29,500,000 71112026 Variable $ 9,456,404 $ 31,952,953 $ 1,091,135B 1996 Revenue Bonds -Series 8 611996 $ 29,500,000 7/1/2026 Variable $ 9,468,805 $ 31,982,474 $ 1,082,232

(C) 1993 Merged Area Tax Allocation Bonds EW1E 2,075,000 8/1/2024 4.2-6.0% $ 686,053,652 $ 70,606,300 $ 16,219,900(D) 1997 Merged Area Tax Allocation Bonds 3/1997 $ 106,000,000 8/1/2028 5.375-5.625% $ 110,004,410 $ 10,735,893 $ 642,408

(E) 1998 Merged Area Tax Allocation Bonds 3/1998 $ 175,000,000 8/1/2029 4.5-5.25% $ 230,495,435 $ 1,542,625 1,542,625 .(F) 1999 Merged Area Tax Allocation Bonds 1/1•99 $ 240,000,000 8/1/2031 4.75-5% $ 246,483,341 $ 19,023,513 613,700G 2001 Rev Bonds-Series 2001A 4th St. 4/2001 $ 48,675,000 8/1/2026 3.8-5.25% $ 36,317,090 60,926,184 3,365,799

(H) 2001 Lease Revenue Bonds Series F 7/2001 $ 186,150,000 9/1/2022 2.8-4.4% $ 122,784,606 212,575,468 14,665,750(1) 2002 Merged Area Tax Allocation Bonds 1/2002 $ 350,000,000 8/1/2032 3-5% $ 1,948,500 $ 27,271,388 $ 968,425(.1) 2003 Merged Area Tax Allocation Bonds $ 159,729,123 $ 253,749,885 $ 6,228,014(K) 2003A Merged Area TA Subordinate Bonds 8/2003 45,000,000 8/1/2028 Variable S 6,004,826 $ 42,350,766 2,210,237(L) 2003B Merged Area TA Subordinate Bonds 8/2003 15,000,000 8/1/2032 Variable $ 3,905,446 $ 17,755,255 $ 178,070(M) 2004 Merged Area TA Refunding Bonds 412004 $ 281,985,000 8/1/2••3 2-5.25% $ 126,760,678 $ 309,065,518 $ 30,751,716(N) 2005A Merged Area TA Refunding Bonds 7/2005 $ 152,950,000 8/1/2028 3245• $ 102,047,957 $ 228,524,379 $ 12,221,348

(0) 200513 Merged Area TA Refunding Bonds 7/2005 $ 67,130,000 8/1/2016 4.5-5% 27,308,133 82,646,750 $ 3,353,000

(P) 2006A-T Merged Area Taxable TA Bonds 11/2006 14,300,000 8/1/2022 5.35-5.65% $ 11,332,245 $ 23,102,591 $ 751,450

(0) 2006B Merged Area TA Bonds 11/2006 $ .67,000,000 8/1/1935 4.5-5.0% 80,684,849 141,521,849 $ 3,081,500

(R) 2006C Merged Area TA Refunding Bonds 12/2006 $ 423,430,000 W1/1932 3.75-5.0% $ 396,094,595 $ 781,250,310 $ 19,137,143(S) 2006D Merged Area TA Refunding Bonds

Sub-Total This Pa*e

12/2006 $ 277,755,000 8/1/2023 4.0-5.Q% 200,159,888„ . $ 449,902,388

$ 2,796,486,486$ 14,316,550

$ 95,134,359-.,1

Totals Forward From All Other Pages $ 1,046,859,012 $ 353,573,677

Totals, Fiscal Year Indebtedness ..:.: .1., - '' .- . •.:. `- $ 3,843,345,497 $ 448,708,036

Purpose of Indebtedness:(A) & (B) See Attachment NB(C)see Attachment'C(D) See Attachment D(E) See Attachment E

(G) See Attachment G(H) See Attechmentll

• (I) See Attachment I• (K) See Attachment_(.

(M) See Attachment M(N) & (0) See Attachment N/0(P) & (Q) See Attachment P/Q(R) & (5) See Attachment R/S

STATEMENT OF INDEBTEDNESS - FISCAL, YEAR INDEBTEDNESSFILED FOR THE 290972010 TAX YEAR

FORM APage 2 of 2

Name of Redevelopment Area - THE REDEVELOPMENT AGENCY OF THE CITY SAN JOSE. Nettle of Project Area "- MERGED PROJECT AREA

For Indebtedness Entered Into as of June 30, 2009

Debt Identification

Original Data Current

Date Principal Term' Interest Total

Rate interestTotal

Outstanding DebtPrincipal/Interest

Due During Tax Year(T) 2007 A-T Merged Area TA Bonds 11/7/2007 $ 21,330,000 8/1/2017 5.10% $ 6,139,482 $ 24,295,765 $ 2,609,620(U) 2007 B Merged Area TA Bonds 11/7/2007 $ 191,600,000 811/2033 4.25-5% $201,445,852 $ 381,979,738 $ 8,972,525(V)2008 B Merged Area TA Bonds . 11113/2008 $ 80,145,000 8/1/2023 6.25-6.5% $ 97,881,376 $ 176,870,347 5,335,519(W) 2008 A Merged Area TA Bonds 12/17/2008 $ 37,150,000 8/1/2036 5-25-5.75% $ 12,668,495 $ 49,549,234 $ . 5,153,506

(X) City/Agency Cooperation Agreement June 2009 N/A OPEN N/A $ $ 250,804,694 250,804,694

(Y)20% Housing Set-Aside 6/30/2009 N/A OPEN N/A - $ 41,241,860 $ 41141,860

(Z) County Amended Tax Rev. Sher. Agreement 5122/2001 N/A OPEN N/A - $ 21,679,425 $ 21,679,425

(M) Property Tax Administration Fee 1990 N/A OPEN N/A $ $ 2,075,791 2,075,791

(BB) AB1290 Pass-through 7/1/2002 N/A OPEN N/A $ - $ 749,936 749,936

(CC) CSCDA (ERAF) Loan 4/27/2005 $ 19,085,000 8/1/2015 5.01% $ 4,963,297 29,052,070 4,498,332

(DD) HUD SECTION 108 Loan 211111997 $ 36,200,000 8/1/2025 Variable $ 24,344,382 53,851,423 2,952,469

(EE) CSJ Parking Fund Loan 4/12/2005 $ 6,800,000 2015 Variable $ 408,729 $ 7,208,729(FF) CSJ/SJRA/SC Co. Settlement 11/16/07 11/1612007 $ 22,500,000 . 7/1/2009 N/A - $ 7,500,000 7,500,000Sub Total This Page -0- ,.._:-.„..7,47,4:---

--.-Bw.--- ,. f.- 0,:%-,-,--:' .---.---......--_

-------,- ----—.,,----_. -

$ 1,046,859,012 $ 353,573,677Totals Forward From Ali Other Pages--,,,- . --.-.5. - - -------,-...:-..—.„

fq•-::41 --L,,5-...1---a--,.7,-----=-:::,=:::

— ,—......a.-7--------,---- ------07.-,-:- ..---__-_Totals, Fiscal Year Indebtedness .., -,.-4 ---__--- -

Purpose of Indebtedness:(T) & (U) See Attachment WU(V) See Attachment V(W) See Attachment W(X) See Attachment X(Y) Pursuant to H & S Code Section 333341(Z) CoutitY/CitAgericY.Anlendeci and restated 1993 Tex Revenue Sharing Agreement - 5122/2002(M) Pursuant to SB 2557- Year 1990(BB) Pursuant to AB 1290(CC) California Statewide Communities Development Authority (CSCDA) Education Revenue Augmentation Fund (ERAF) Loan(DD) Loan proceeds per provisions of the US Dept of Housing & Urban Development Section 108 to finance certain projects in the Merged Area(EE) Loan agreement for programs and projects contained In the Agency Capital & Operating Budget, term date extended 7/31/06(FF) Cross complaints between CSJ/SJRA and SC Co, regarding 2001 Agreement Judicial Determination was settled 11/16/07

RECONCILIATION STATEMENT - CHANGES IN INDEBTEDNESS•

Name of Agency: THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSEName of Project Area MERGED PROJECT AREA

Tax Year 2009-2010 Reconciliation Dates: July 1, 2008 to June 30, 2009

, Pagel a 2

I - A S B D j E F..Debt Identification Outstanding Debt Adjustments Amounts Paid Against

fromRemaining

Balance(A+B-C-D-E)

$ 31,952,953

801, pg and line: BriefDescription

All BeginningIndebtedness

Increases(Attach Explan)

Decreases(Attach Explan)

Indebtedness,Prior Yr Curr Yr Tax Increment Other FundsPg 1Line A

Pg 1Line A

1996 REVENUEBONDS -SERIES A

**6/30/07**$ 33,044,088 $ 1,091,135

Pg 1Line B

Pg 1Line B

1996 REVENUEBONDS - SERIES B $ 33,064,706 $ 1,082,232 31,982,474

Pg 1Line C

Pg 1Line C

1993 MERGED AREATAX ALLOC BONDS $ 86,845,800 $ 16,239,500 $ 70,606,300

Pg 1Line D

Pg 1Line D

1997 MERGED AREATAX ALLOC BONDS $ 11,372,813 $ 636,920 $ 10,735,893

Pg 1Line E

Pg 1Line E


Pg 1Line F

Pg 1Line F


Pg 1Line G

Pg 1Line G

2001 REVENUEBONDS -SERIES 2001A $ 62,804,897 $ 1,878,714 $ 60,926,184

Pg 1Line H

Pg 1Line H

2001 LEASE REVENUEBONDS SERIES F $ 226,905,155 $ 14,329,688 $ 212,575,468

Pg 1Line I

Pg 1Line I


Pg 1Line J

Pg 1Line ..1

2003 MERGED AREATAX ALLOC BONDS $ 259,977,898 $ 6,228,014 $ 253,749,885

Pg 1Line K

Pg 1Line K

2003A MERGED TAXALLOC SUBORD BONDS $ 44,561,003 $ 2,210,237 $ 42,350,766

Pg 1Line L

Pg 1Line L

2003B MERGED TAXALLOC'SUBORD BONDS • $ 17,933,325 $ 178,070 $ 17,755,255

Pg 1Line M

Pg 1 -2004Line M

MERGED AREATA REFUND BONDS $ 336,881,304 $ 27,815,786 $ 309,065,518

Pg 1Line N

Pg 1Line N

2005 A MERGED •AREATA REFUND BONDS $ 236,099,939 $ 7,575,560 $ 228,524,379

Pg 1Line 0

Pg 1Line 0

2005 B MERGED AREATA REFUND BONDS $ 85,999,750 3 353 000 $ 82,646,750

Total - This Page -a.....---.-----.....—V------7,1,7",..,7: $ 1,485,544,203 $ - - $ 84,834,855 $ - $ 1,400,709,348 t

RECONCILIATION STATEMENT - CHANGES IN INDEBTEDNESS

Page 2 of 2Name of Agency: THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSEName of Project Area MERGED PROJECT AREA

Tax Year: 2009-2010 Reconciliation Dates: July 1, 2008 to June 30, 2009

A . 13 C ID I E FSOL pg and line: Debt Identification Outstanding Debt Adjustments Amounts Paid Against

from:Remaining

BalanceBriefDescri tion

All BeginningIndebtedness

Increases(Attach Explan)

Decreases(Attach Explan)

Indebtedness,_Prior Yr Cum Yr Tax Increment

$ 751 450

Other Funds (A+13-C-D-E)

$ 23,102591Page 2Line P

Page 2Line P

2006A-T MERGED AREATAXABLE TAX ALLOC BONDS $ 23,854,041

Page 2Line 0

Page 2Line Q

2006B MERGED AREATAX ALLOC StDNDS $ 144 603 349, , $ 3,081,500 $ 141,521,849

Page 2Line R

Page 2Line R

2006C MERGED AREATA REFUND BONDS $ 800,387,452 $ 19,137,143 $ 781,250,310

Page 2Line 5

Page 2Line S

2006D MERGED AREATA REFUND BONDS $ 464,129,138 $ 14,226,750 $ 449,902,388

Pg 2Line T

Pg 2Line T TAXABLE TAX ALLOC BONDS $ 27,215,655

2007 A-T MERGED AREA =$ 2,919590 $ 24,295,765

Pg 2Line U

Pg 2Line U

2007 B MERGEDAREATAX ALLOC BONDS $ 390,952,263 $ 8,972525 $ 381,979,738

Pg 2Line V

2008 B MERGED AREATAX ALLOC BONDS $ 178,026,376 *$ 1,156,029 $ 176570547

Pg 2Line W

2008 A MERGED AREATAX ALLOC BONDS $ 49,818495 $ 269,261 49,549,234

$ 250504594Pg 2Line V

Pg 2Line X

CITY/AGENCYCO-OP AGREEMENT $ 185,227,059 157,017,725 $ 91,440,090

Pg 2Line W ''

Pg 2Line Y

20% HOUSINGSET-ASIDE $ 38,510,316 $ 43,200,728 $ 40469,184 $ 41,241560

P92Line X

P92Line Z

COUNTY AGREEMENTSETTLEMENT $ 19,444,292 $ 23572,330 $ 21537,197 $ 21,679425

Pg 2Line Y

Pg 2Une AA

IPROPERTY TAXADMIN FEE $ 1,917,378 $ 2,046,361 1,887,948 $ 2,075,791

Pg2Line Z

Pg 2Line BB

AB 1290PASS-THROUGH $ 465,510 $ 3,401,098 $ 3,116,672 $ 749,936

Pg 2Line AA

Pg 2Line CC OSCDA (ERAF) Loan $ 33,546,068 $ 2,073,467 2,420,531 $ 29,052,070

Pg 2pne BB

Pg 2Line DD HUD SECTION 108 Loans $ 55,002,349 $ 1,150,926 $ 53,851,423

Pg 2Line CC

Pg 2Line EE • CSJ Parking Fund Loan $ 7,208,729 " $ 7,208,729

Pg 2Line DD Line FF

P92 -CSJ/SJRA/SC Co.Settlement 11/18/07

,$ 15,000,000 $ 7,500,000 $ 7,500,000

Pg 2 •PgLine EE

2 .Line GG County Delegated Payment = $ - 16,832,261 _. $ 16,832,261 $ -

Total-This PageTotals Forward

..4.-----------, -, ,,, , ----------At : $ 2,207,463,598$ 1 A85,544,203$ 3,693,007,801

$ 473915,375__$$ -

- $ 117,511,067 $ 121,231,756 $ 2,442536,149rw--------7- .„.---------,____ ...7;i--..---:.tr

F.-..„ .;--..,-Ii- r-r----:,:zz;asic,%•

$ -$ -

$ 84534,855 $ - $ 1,400,709,348 $ 3,843,345497Grand Totals $ 473,915,375 $ 202,345522 $ 121,231,756

Explanation for Adjustment columns B and C:

31,466,107

104,412,768

5 Sum Of Lines 1 Through 4

557,462,290

6 Total Amounts Paid Against Indebtedness

•$ 323,577,678(D + E on Reconciliation Statement)

7 Available Revenues, End of Year (line 5 . line 61FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS,COVER PAGE, LINE 4

233;884,61_2.,

CALCULATION OF AVAILABLE REVENUES

AGENCY NAME: THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSEPROJECT AREA: MERGED PROJECT AREA

TAX YEAR: 2009-2010RECONCILIATION DATES: Reconciliation Dates: July 1, 2068 to June 30, 2009

1 Beginning Balance, Available Revenues(See Instructions)

2 Tax Increment Received - GrossAll Tax Increment Revenues, to include any Tax Incrementpassed through to other local taxing agencies

3 All Other Available Revenue Received(See Instructions)

4 Revenues From Any Other Sourceincluded in Column E of the Reconciliation Statementbut not included in (1-3) above

AMOUNT 219,237,493

$ 202,345,922

NOTESTax Increment Revenues:

The only amount(s) to be excluded as Tax Increment Revenue are any"arnounts passed toother local taxing agencies pursuant to Health and Safety Code Section 33676. Tax IncrementRevenue set-aside in the Low and Moderate Income Housing Fund will be washed in the abovecalculation, and omitted from Available Revenues at year end.

Item 4, above:This represents any payments from any source other than Tax Increment OR available

revenues. For instance, an agency funds a project with a bond issue. The previous 801included a Disposition Development Agreement (DDA) which was fully satisfied with thesebond proceeds. The DDA would be shown on the Reconciliation Statement as fully repaidunder the "other column (Col E), but with funds that were neither Tax Increment, nor "AvailableRevenues" as defined. The amounts used to satisfy this DDA would be Included on line 4 abovein order to accurately determine ending "Available Revenues."

Attanlinent • AIR

. The:Bondi k.e being. Issued to rizao.o; =ionsZedeiteropmeg' prOicts and adivitlesor of izoitharylbenern to, the Project Area consisting ofpnblie. capital iniproveanent; Kid reiated

• teseapp:es. - .•

.thrathitio. SOURCES AND bog *NDs

: The eStimibil sources and uses of funds, exollidin,g ;cant" interest, arearfidIew.g

Sources:- - •

.1996 Sie A BOud Proceeds $29;500,000. •

1996 Series B Saud Proceeds• 29,500.000

Total 5oitroes p59,09,* .

Uses:. • .

Prink:et Rind ' .$57,261,243- Catatalize.d interest .- 1,377,000Costs of Isstytace 0 361,757. .

' . Total Uses - $59,06:60

•

.cludix Untkrwritore ;Escaunt, faun:ding aidexpons,

ristitantfee.s, letter or credit fecs arid. other intscrilannous

NAN OF PINANCZ

. Attadmaist C •

-

• IledevelopMent ActiVitle,s to be Financed .

' The Agency-mcpects-to apply a portion of the $ories 1993 Bonds tO finance A contimmticer of the- ' Redevelopment Agency's pr9grant to elimiriate Wight and encourage economic development in the

daimitopaa„ indostrial projeatateast .and neighborhood fiusiness.districts of San Jose. Dovintown, pc:gems..include onnstructiOn of the -Ouadalupe River-Park various culturel and chic facilities including theRapittory Them and Tech lylpseunt, improvements to nurein-forced makomy bufldhgs street5calke

:Iinprovements, and golefitoki:,41,nproyer,fteet znints. , -Projects ,benefittleg2the'indUstrral areas Include •or:110310*m of the Route 7freevmy, Other matisporia,tion Improvements, and area landscaping. In theNeighborhood Business Districts, prcijects include streetscape improventerdP,:and coittleal facilift: Series1993 Bond proceeds may also -be used fradmftveóitsin suP1Fart•of AgeneY -

EsTraurm sour-tags Am USES O mosThefoliowing table sets, forth the Omated sources and uses of funds, oxchrsive of accrued,

_ interest, with respect to tie - Series 1993 Bonds..• .

SOURCES OF FJ1NDS: ..Par amOunt of Series 1993 Bonds ' $692,075,,I1100 '

. CiAter'.4voilable funds , 1,106,193Original'IssoeDiscount ; . gli72,176,1 .

. . Total Sources . ' - £670,101 .31Z

uss Or iiums •Deposit to Escrow -Punds( I) • $475i805,936,

,DepaSit.to Bend Reserve Fundlo 44,423,315 -. DepoSit:(6-1993 Project Eundit) ' . ' - 135,677g60''

- CliCtS ie./Sit/Auer') . "' 5,35'1206..Insurance Preirihmf - ' U4I,:900

, retalI/ses -L6A7,-.22=. , • '

At tachnierrt D •

, • •

•:

•

Redevelopment Activities to he Financed

,4, •

' projects include housingaizblic parting,' chitin-al 'foal* and.publie infrastructure.. Projects*.11.4-istrid project smasi and n4ghborhood. business (Wilds .ofthe City of San Jose. Downtown

:fabiRties.' 1997 Bond proceeds. may also be used -foradtchlistratiite costs in support af Agency

-Agency's program to effininite .blight and encourage economic development hi the downtown,

yeiglihorhoodl.Business Meals, projects include streetsoape improvements and -cultural •benefiting the industrial areas include, transpoztation improvements and landsciping. In the

The Agency expects to appiya portion of the 1997 Bonds to &mica a continugion of the:

-.isritunied Sources end'i .i.ses of Funds

The folhiwing table- sets forth - the e.stimated sources. and nses of fonds for the 1997. Bonds.

•••

5106,000,000:002,462,2402

S13,627,41931. ,92A4A0480

Costs iSSUatiMM • Bond likeountm Undetwriting 42 P940i01303 11°0

Original IsscieDiscOuricAO Investors ' • 564,907..95.

- MIA Purely Sullitinne for 1e serve Premium . 237,90000- MBIA.Bondinilivance Premium _ • 600;000.00

Total Uses •- P100,462,24.02

• iv Ism& avtdiable firm Friar honk hang refunded ••0.). :nebula the Agettc}d; direct expel's= trustee :r and legal fees and media and•other nifseellaataut =pima arsocIaled

TAXI 2 -.REDEYET:01"IVIENT A.GEliCY .01? CITY Or SAN 30SE

. Sources and tlyes oLFimds ••• • -Sources oihnds:

. Par amount of I.-99/ Bonds -Othir avallabletirids (1)

Total Soll"the..s •

Uses ofFunds:Deposit to Brerow PoufsDeposit m 1997 Project Fund

or

with:nuance ofthe 1997 Sande. .- -

•

. .

•

•

:

Attachment .13-

FIKANCING.PLAN -

General

The / 993 Bonds me principally being sold'to finance a program of redevelopment in theMerged Area: The Merged 'Area covers approximately 8200 acres and,* fiscal year .1997/98 is

. istima(efl tb Produce"approximately• $89 raillion in tai increment reveimes. (For ihe *poses Of. the addittioug bonds test and parity debt iervice coverage, , ari -adjustment Is maelp in. the• adotdation of tax increment .revenues to aitlude: housing set-aide funds -and .1. PineiAron

commitment with a school district and to include estimated revenues derived froni:Prh/ieityadded dlic to completed construction and cbangcs in Ownership: See Tables 9; ib and ii.)

kedavelopmpnt A.crivities---to be rhutneed•• . -

. The Agency expects to apply a portion of the 1998 Bonds to finance a continuation of.lheAgeneyse program bljght and eller:3111'4p er,011013110 development in the doxyntown, :-

• industrialprojeat area, andheigliboxiacied busiuesSdishicti of the City of gat i.Osd. Downtownprojects- include housing, public parking, cultural facilities and "public infrOttiieture. Projectsbenefiting the industrial areas inaltule traosportation- and other infrasint•tued improvements andlanastapiug.. in the liciglthozhood Business'Districts, projects incfucte "streetscapti improvementsand =Culturalfacil' ities. - 1998, Bond proceeds may also be used for eligible administrative costs in

- support of Agency capita projects:. . .

.Estlin.a.ted Souries-and Uses 'of Funds

The fallewing table sets kith the estimated sources and uses of twrlq for the 1998. Bon&• -

TABLE I• •REDEVELOPMENT AGENCY OF crry ciFsAs•Jost .

Sources arid Uses•ofFrindS

Scums of Funds: - • '

-

Par.ismount of 19913 ittnids SI75,00010110.00• Total Sources $175,000,000.00

• Use.ofPundr .- paposftIo 1998 Project Fund SI6,647.482.80• Costs efIssuense- (1) -362.,op0.00 •

Bond DiSoouttt to Underwriting 417,954.00Original Ise 1515COUTIt to loven'S 3,385,811.20Insurance Premium• 849,046.00PrerciamforSirety Substinite ohle:serve 437,500.00

Total Uses . $175,000,000.00

(I) Includes rhe.dgency:r dirzet itxpenses, trustees and lesaktees and equnses and &kir tascritanimis acenses susociafedTrg'Ih issuance g .19.em 98.18ands. " • • .

.

• . .

FINANCING PLAN .

sxraniamerit

General

: The 109 Bandiireprincipally being sold to finance a prograrit of redevelopment in theIgergedArea. The lyieried.Area covers Approximately 8)200 WI= and in..fiscal year 1998/99 is

. - .. estimated to produbeapproximately $10454n/Ili.o.n. in 'tem increment revenue. (Prix.* purses... . .. of the Maimed, bonds test and 1= 1V 40-1.3t Orilio krvaraZe• au: adjustment Is i6a: de in -t4e--

:-... calculation or tax increment rcvciue to exclUde. housing set-side funds. and g. pasi-±kOngh .e9M1441e4 .xvith a 49°T district and 0,14011;16, estimated revenue dedve4fronnjoi3047:-Ii!igt ,

-• 1 . .iiicte4 due to completed construction arid changes In ownership . as well is estimated Anitary. -prOpeitytacei. tee `fables 9; /;0 -andf II .) i • ' . -.. ••• - ' . ' : l' . . ' .:

nedevelepinent,A,Cdilile.s to be Financed .-

•. •..... - . . . .

" . The 4ency eNizets' to apply .a.portion ofthe 1999'Bonds to finance a continnatiOn -Ofthe - -. .

Agency's Trograrn. to eliminate blight and encourage (*Cram* development in: 4* 614974 ' ' • .-•' i4dUsiiiAl.tatijOa ;Tell. a; and zwig,i4btirliocid business districts of the cm" of ganloi6. Downtown-.

projects Ind4di -.0.6110 parlc.ing, Cultural facilities and .iubile infrastioetzare: FrojeCtiben4*..., .1116 in40.tpliai are inelnde transportation . and ot14ei fnflistrirotaire . linprovemOigs, ;5:44...: - .. -

Iali4c:444. -.' In the nelAborfood linSineris. diStzletn„projetS,inclucle streofso* Pnliti*#lents.,;•. • and OltUral-fficilities. '1999 Bond proceeds may also be used for. eligible admin.*** OsfS•in .

, . . . . . . . . ,,.. itippOit Of Agency capitalprojeets. . • •

Bstimatd Sources and Uses of Funds -- -:- . . . . •:

-The following table .cti forth the estimated so-231mi nncl: Ines. of t nu3s:for- the .1999,Bonds,. ' - • ' - . . .-. • , . .• " iABLEi 1

. .

BED-EVELOPAINT .4.0ELICY Oi (Try* OF Skil ..POSE -

Sources and Uses of Ards •. :Souxces ofFundz'

Pa)intr 'Zintalt:0612•19949s - Bonds

- • • . S240,1100,060.0.0

Uses of Punsf•Depoiltio 1999 PilifectVundCiasis °Milan= (9' -. - ' 264,5:00.00*•Both Diicounito'Undtirwiiter910

. .. Original 1011e DISCOdlittO Ittvestors•

,228:45 .

' . Insurance Premium. . • 1,416,771.55 .

1;15.0,00160 -• Preapluto for Ro'serize Fund Sint/ Bond (2) ' • . 446›.36.95

. . • Tot!! Uses)

• • S240,001000.00

(I Zack** . Mg 4ge.-ncy eltrgit extionses, .tnatee's oriel legal fees and expense; and other miscelhirteour exj .wases associatedWI/.h &swam ((the 12.9.P hateii. •

Cittrp gtircho F its erattrety poliv to riploos . a cothirsOariid reserva The RfscrisaliWutrealirit is.125pizfayerage ?min li a idebt amiceor118,671,002.12 ' - . . . ' •

S240,1100100

S235452,26305

.act.t..achnnt .

$48,67i3O00crrir OF SAN4,0SESINANCI1GAUTAOR1EY- MEI= BONDS, sEgx,es 2001A.

(4TH &$4 FARNAlsal0 PARKDIGTACHATYPROACT)•

.• •The Bonds are being.issuid to provide funds to ftnalt4 (i) a substantial portion of the cost of

- cOnitrneting an approximately 115 stitece, seven level parking facility with street level Mill space and .-rooftop Nogit:tet hau facalties.to he located at th4.comerof 4th &San Fernando Streets in the City lac

.(ii) the cost of acquiring sod constructing a -Par:icing guidance systein, =tell/41-01/412as- and other .parling-related capital .iolp.-faveinenti (the "Other ?offing Improvements) (togetheimith-te.

Paralifh the 'Project"). (in) the cost of acquiring a siy beand wIich wd be held oa deposii. inthe "R.editiveAccøiiiit estaRiahed under. the- Indentiike,-aod (iv) the .c:osts of .issuing the Beads: See "THEP.ROJECI".herein.

ESTIMATED SOMCES kw USES 01? *KOS .

The tabiebelow-sliov#012e. eatinrated sources and uses of inads faille Bonds.

• Purpose " -

•

.

at!ice-5-orMigs.Par Amount of BondsCity Contrihntion -Original I,ssueDiseount

Total Sources of . .

$48,675,000,000

•451,75k3Ca•1.■1•111.1.■=p1.".■•••••••

Uses orralatisNet Deposiito Pioject Fund- •PPs#'90.-vg9.4. •t_Inderi.vrite;U',D4aoilnt

Tatallikes 014014 •

$5.0.374541 .

1,176,087

•29404 •

-$1,158,302. , .

Inoludis Bond Counsel fees, 'ftuatiklal ruivls9ry fee's, printing, Financial GuarantyInsukauce Policy Premium,Surety1.8 and pronlitnn, Infiug agency fees and other related coils of issuance. . 1 „

. i •

/I

Attachment H

PLAN OF REFUNDING

The Bonds are being issued to refund on a current basis the $187,150,000 outstanding principal of theAuthority's $191,900,000 initial principal amount of 1993 Revenue Bonds, Series C (ConventionCenter Refunding Project) (the "Refunded Bonds"). The Refunded Bonds wem issued to refund on anadvance basis the $170,965,000 -outstanding principal of the $174,175,000 initial principal amount ofthe City of San lose` 1986 Certificates of Participation (Convention Center Project) (the "1986Certificates").

SOURCES AND USES OF FUNDS

The sources and useS .offluids with respect to the Bonds Will be applied as follows:

Series 2001FBonds

Series 2001GBonds TOTAL

Sources of FundsPar Amount $ 186,150,000.00 $ 4,580,000.00 $ 190,730,000.00Net Originallssue Premium 995,055.40 OAD 995,055.40Refinided'Bonds Debt Service Fund 6,275,49931 153,58027 6,429,079.98Ac,cruectritterest 608,679.69 14,487.85 623,167.54

Total'Sottioes $ 194,029,234.80 $ 4,748;068.12 $ 198,777,302.92

Uses of Funds• Prepayment Fund '$ 193,410,793.99 $ 2;06,360,01 $ 196,067,154.00

Interest Fluid . 608,679.69 14,48785 623,167.54Underriting DiScount 0.00 564,484.3i . $4,484.31Bond Insurance Premium ELOO •1,012599.95 1,012,399.95

• Cost's Of Issuance Fund' 9,761.12. ' 500,336.00 510,097.12•Total Uses $ 194,029,234.80 $ 4,748,068.12 5 198,777,302.90

Includes bond-counsel Ices, financial advisor fees, rating agency fees, Reserve Polley premium, printirig expenses andother costs of issuance with respect to the Bonds.

• Attachment IFINANCING PI,AN

General

The 2002 Bonds are principally being sold to fmattce a program of redevelopment in theMerged Arca, The Merged Area covers approximately 8,700 acres. The Merged Area in fiscalyear 2001/02 is estimated to produce approximately $144 million in tax increment revenue -Available for bond debt service. The Bonds are secured by Tax Revenues. Tax Revenuespledged to debt service on the Bonds are tax increment revenues reduced by housing set-aside

• funds and a pass-through commitment with a school distdet and may include estimated revenuederived from property value added due to completed construction and changes in ownership aswell as estimated unitary property taxes. See Tables 9,10 and 11,

Redevelopment Activities to be Financed

The Agency expects to apply a portion of the 2002 Bonds to finance a comimmtion of theAgency's program to eliminate blight and encourage economic development in the downtown,Industrial project areas, and neighborhood business districts of the City of San Jos6. The Agencyis also in the process of establiShing a proposed new Redevelopment Project Area called theStrong Neighborhood's hitiative Project Area It is anticipated that projects ia this proposed areamay include public facilities and irtfrastrucnne such as streets, parks, transportationimprovements and community centers. Downtown projects include public parking, culturalfacilities and public infrastructure Projects benefiting the industrial areas include transportationand other infrastructure improvements and landscaping. In. the neighborhood business districts,projects include streetscape improvements and other public infra:structure improventent.s. Inaddition, 2002 Bond proceeds may also be used for eligible administrative costs in support of

• Agency capital projects. •

Estimated Sources and Uses of Funds

• The following table sets forth the esthnated sources and uses of funds for the 2002Bonds, •

' TABLE I-REDEVELOPMENT AGENCY OF c.trw- OF SAN JOSI •

Saurces and Uses of Funds

Sources of Funds:Par Amount of2002 Bonds $350,000,000.00 -,Net Original issue Premium 2,657,90630

•Total Sources $352,657,90630• •Uses of Funds

Deposit to 2002 Project Fund $318,084,793,65Costs of Issuance (1) 285,500.1)0Bond Discount to Underwriter 1,688,52635MI3IA Insurance Premium - 5,631,799.95Reserve Fund (2) . 26,967,28635

Total Dies . 8352,657,906.30

Includes the Agerzy's direct expenses; trustee, ratings and legal flex and expenses and other urixellaneous expensesaisociated with issuance of ;he 2002 Bonds.The Banc, Reserve Requirement.

Attachment j

FINANCING PLAN

General

The 2003 Bonds are principally being sold to finance a program of redevelopment in theMerged Area, The Merged Area covers approximately 8,700 acres. The Merged Area in FiscalYear 2003-04 is estimated to produce approximately V35 million in tax increment revenueavailable for bond debt service. The Bonds are secured by Revenues, consisting primatily of Tax

. Revenues. Tax Revenues pledged to debt service on the Bonds are tax increment revenuesreduced by housing set-aside funds and a pass-through commitment with a school district andmay inelude estimated revenue derived from property value added due to completed constructionand s in ownership as welias estimated unitary property taxes. See Tables 9, IQ and II,

Redevelopment Activities to be Financed

The Agency expects tti•apply a portion oftlie20C0 Bends to finance a continuation of theAgency's program to eliminate .bright and encourage economic development in the downtown,Industrial project areas, and neighborhood business districts of the City of San Jos& The Agencyhas established a Redevelopment Project Area called the Strong Neighborhoods Initiative i'prieet

. Area. Projects in this area may include public facilities and infrastructure such as streets; parks, •transportation improvements and community centers. Downtown projects include public -parking, cultural facilities and public infrastructure. :Projects benefiting the indastrial , areasinclude transportation ind other infrastructure improvements and landscaping. In theneighborhood business districts, projects include ,streetscape improvements and 'other .publicinfrastructure improvements. In addition, 2003 Bond proceeds may also be used. for eligibleiulmirtistraiive costs in support of Agency capital projects.

ESTIMATED SOURCES AND USES OF FUNDS

The following table sets forth the estimated sources and uses of funds for the 2003 Bonds.

• TABLE 1REDEVELOPAUNT AGgr(Y OF CITY OF SAL' JOSE-

Snurees and USN of Fatah .

Sources of Funds:Par Amouat of 2003 BondsNet Premium

5135,000,000.00$1-423,913,55

Total Sources 5136,423,918.55

Uses of Funds:Deposit to 2003 Project Fund S120,993_790.56Reserve Fund (1) . 12,442.82199Casts of lm:lance (2) 222,500.00Bond Discount to Underwriter 358,500.00Insurance Premium 2.406300.00

, Total Uses _5136,423,918.55

al The BandReserne Reqaremene war respect ig da2003 Bands.(2) &darks the Agency': (Brea espenses. trustee, ratings and legal fees and openses and ether lascellanseux expenses amielated iridi

issuance 0442003 Bonds. _ •

7

Attachment ICI,

ESTIlvLkTBD SOURCES AND USES OP FUNDS

The proceeds of the 2003 Bonds wM be used to finance redevelopment activities withinthe Ageng's Merged Area Redevelopment Project.

- The estimated sources and uses of funds for the 2003 Bonds are as follows:

Sources: • •Taxable 2003 Series A Bond Procxeds -2003 Seties B Bond Pro&eds

Total Sources

• 45,000,000=an• $60,000,000

Uses:Taxable Series A Account of the 2003 Subordinate Project Fund $44707e500Series B Account of the 2003 Subordinate Project Fund 14,393,200Costs of Issuance 399,300•

Total Uses $60,000,000

[7] Includes underwriters' dis' count, legal, financing and consultant fees letter ofcredit fees and other miscellaneous expenses.

Authority for Issuance

The Agency is duly organized under the Community Redevel Law of the State of("antenna (Health and Safety Code Section-33000 et "seq.) (the "Redevelopment Law"). The

" Bonds are being issued in accordance with the Redevelopment Law and pursuant to theIndenture, a resolution adopted by the City on August19, 203, and a resolution adopted by theAgency on August 19, 2003_

Bond Terms

Independent Interest Rate Modes, The Indenture _does not require both Series of 2003Bonds to bear the same interest rate, and allows one Series of 2003 Bonds tohe conv*ted to adifferent interest rate mode than the other Series of 2003 Bonds at any time The cksi:OlPtions ofinterest rate- Modes and Other:, related terms of the 2003 Bonds COriiiiiiied us this Official

- Statement apply to each Series of 2003 Bonds independently; and may be different for eachSeries of 2003 Bonds at any time following the issuance of the 2003 Bonds.

Denominations. The.BondS will be issued without coupons in any of the followingdenominations (each an "Authorized Denoreinationl: -

•

• PLAN OF REFUNDINGAttachment M

1_General

,.I As of April 1, 2004, the Agency has $1,529,155,000 aggregate principal of Bonds

i outstanding. The 2004A Bonds will refund and defease a portion of these outstanding Bonds.I . The Bonds to be tefunded are herein referred to as the "Refunded Bonds,"1 '

A portion of the proceeds a the sale of the 2004A Bonds will be deposited into theEscrow Fund established pursuant to the Escrow Agreement, dated as of May 1, 2004, by andbetween the Agency and Union Bank of California, N.A. as the escrow . agent (die "EscrowAgent"). Such summits, together with any amounts transferred from certain funds held under theIndenture for the Refutuled Bonds will be invested in United States Treasury Securities thatmature k such ammints and at such times and bear interest at such rates as to provide amounts1 sufficient to pay the principal amount of, accrued interest on and any prepayment penalty on anyRefunded Bonds. See 'VERIFICATION OF COMPUTATIONS" b erein. .

• The charts below lists the maturities of the Refunded Bonds and the redemption date andredemption price Of the Refunded Bonds (expressed as a percentage of the principal amount ofsuch bond to be redeemed) that will be redeemed prior to their maturity,.Estimated Sources and Uses of Funds

The following table sets forth the estimated sources and uses of funds for the 2004ABonds.

TABLE I .REDEVELOPMENT AGENCY OF CTIT OF SAN JOSE

- Sources and Uses of Funds

Sources of Funds:2004A Bond Proceeds:

Par Amount of 2004A BondsPlus Net Original Issue Premium

Total Bond Proceeds

--Other Sources Of Funds:Released from Reserve Fund . 1,324,087.75 .ReleasedfrOni,2003 Reserve Fund 141,447.28Debt Service Fund held by Trustee 7,378,342.93

8,843,877.96

Total Sources $306,129,728.56

Uses of Funds: •Deposit to Escrow FundCosts of Issuance (1)

$3301,137,995.49.. 4,991-,733.07

$281,985,000.0015,300,850.60

297,285,850.60

Total Uses S306,129,72856

Includes the Agency's direct expenses, trustee, bond insurance and reserve 'studypremium, Underwriters' discount, ratings and legal fees and expenses and othermiscellaneous expenses associated with issuance of the 2004A Bonds. Any amounts

-remaining in the Costs of Issuance Fund on July. 15.; 2004 will be transferred to theSpecial Fund.

Sources of Funds:Bond Proceeds:

. • .Attaciunent

' $67,130,1100•' • REDEVELOPMENT AGENCY OF THE

CITY OF SAN /TOSE ' • •. • Merged Area Itedeitiitoinneut Ptojeet

Tax Allocation Refunding Banda .• • Series 2005B •

•

•

• $15050,000 -ItEllioLOPMENT AGENCY or pm -

CITY OF SAN.JOSEiderged Area Redevelopment Project

TaxAllocationReandink BondsSeries 2005A •

Authorization and Purpose ". •

- . The 2005 Bands are being issued pursuant to authority granted under ArticleslIrand 11of ChaPter 4 of Part • I of Divi -sion, 2 of .Title :5 of the California •Ookrerattini Code (the

.-"Refunding Law"): On June 214 2005; the Agency- adopted a Re...solution (the -YResoltition") . thatauthorized the issuance, •sale and delivery of the 2005 Bonds:

; • - .. The -2005 Bonds are being issued to (i) reflux!' a portion of the Agency's outstanding• —.Bondi and (ii) pay the .costs of issuance of the 2005:BOOS. • • • " -• •

• " herein.-:•

. Estimated Sources and "Uses ufFunds. . • • .• . . .. .•• . The f011ol.ving table . sets forth the estimated sources and -uses of funds for the 2005

. Bonds:•

1 •

;

TABLE -1REDE:V.EtOPMEI"4 AGENCY -OF CITY OF SAN .108p

. Sources and Uses of Funds.. '• •

2005Ai•Bonds . 20055-Blinds .Total •

- . .

••

•Par AmountPlus-Net Original Issue Premium

•- Total Bond Proceeds

$152,950,000.0010.926.,991.55

$67,130,000.00" 6,264,029.35

$220,080,000.0017,191,020.90 •

$163,876,991.55•

$73,394,029.35 - $237,271,020:90

- Other Sources of Funds: .. •' Debt 'Service Funds held by Trustee . $3;979,216.88 $1,665,725.00 •$5,644,941.88 • •

Agency Cash Contribution - 1,300,000:00 • 13(4000,00.- Total Other Sources- • $5,279,216.-88 . .$1,665,725:00 $6,944,941.88

Total Sources . $169,156,208.43 $75,0'59,7'54.35 •$244,215,962.78

•Uses of Funds:. • ' . .

•

Deposit to Escrow Funds 4165,529,70239 $ .73,424,977.72 . $238,954,680.11 -:Costs of Issuance (13 - 3,025,973.68 1,438,521,26 4,464,494.94Underwriters' Discount and Fee •• • '600,53236 • 196,255,37 796,787.73

.Total Uses . $169;156,208.43 . $75,059,754.35 - $244,215,962.78

• . Includes the Agency's direct expenses, tru stee, bond insurance and reserve surety premiums, ratings,financial advisor fees and expenses, legal fees: and expenses and 'other miscellaneous expensesassociated with issuance of the 2005 Bonds, . . • ' • • - .

(I)

Attabbiabat• PIQ•

. Estimated SoUroes aia.d Uses. of Funds

The f011owIng table sets forth. the .estiniated sources arid uses .of funds for the 2006 .Bonds.' • - . ..

. .

. .1.• . . .

' •fi.E.DEVELOPMENT

. . ' Sources. 1.Sources of Fun ds. • Par Amounf. .• ' •

Flys Net Original iSPC113 Premium

. . .TABLE 'I ' . . . • '

AGENCY OF CITYOF SAN JOSEand Uses of Funds

•2006A-1 Bonds 200eB•Bonds •

..:. • •

.log

$81A00s00,00 - .120448A

• $14,300,001100 $67,00(1,000.0018.354.00 . 102,09400 - -

•Total Sources • • 114,3'18,354.00 0102.094.06 61,420,448.00 .

• Uses of Fund: . • . . .• Deposit to'Series 206A-T Project Fund

Deposit-to Series 20068 Project Fund - • • . .0 00 ."

6,49054.$7. - I3.42045116

03,490.654...37 .• • - costs alssuance '

13,42546,1052c:100

271,636.96

0S

1,143;•6116 - 1.415.166.00Deposittp Interest Find (2). . • 6.74,g44.86 E199.,844.61 • ';.; 2.714,493-.47

. Underwriter's Compensation-•

-2p.a.,67O.1:10 310,290.00-

Total Uses _ 14 1316,364.09•

-67..102,094.-00 . 81 e120,448.00

includes the Ageney'S direct expanses. trustee, bond insbrance and reserve surely premiums !ratings, financial advisor- fees.and expenses, 1e6a1 fees and expenses anif-bther miscellaneouse,:certes associated with issuarperif the 2006 Bonds.RePreserdsinierest oh - ilie 2006136-m1s Ahrougly August 1 2007.

. • '

•". .

• •• •

7

7

:

•

-•

:

•

. '-

:Attachment

• :43 •


.•• The folleisincklabie sets .forth.the ! estimated .soutces and uses of .fundslor the 2008Re.funding:Bonds-. • -.. - . - • • . ' • . • • - - •••.:

- - •TABLE 1 • .•

.REDEVELOi51011-.AdEN .CY:OF cirr oF SAN JOSE- Seurces-alid Uses of Raids-.

Sources of • . • -

Funds: _ Bends..2008C- ;

•

t423,4*C100.00 . •

par AmountPlus Net • Origirtai 5338 93 45 .1•P.tertiturn - . . •.. • • .Rigs4Dobt ServiceA-nds 4985 740 7

- .0, •by TrusteeP114 Agency Centribbtion' ••• •'' .4,600.0C11.q0 •. .

-

• :rota!

$701,.1 85,909.0Q2907 10015

. 4;600,0020 **-

Totai•Scigra'Os. .Uses of Funds:

•- •

:Deposit:0 Escrow-Funds-Costa of isstiartce- m•Undo4yvnier's Comp. ja.ri.sotion

, • Totarities-

.$43.8,384,6M-43 ' Ik4850,8i3.3.57 1743,235,878.1Q.. ••

. •. .- - $427,671,355.50 . , . • - $S7,957,502.74%• .$725,628,858.24 ••

6,448,813.41 - - • :6i.062,585.59.• . 1'509,399AI1268,525.32 ' ' 830.795.64 • 2.097,320.88:•;:

$438 384 69423 • 120.4,00 83.87 i74323508.10 • -..• -

(1)

(2):

. .InCips,Ces the A01..1.-cFs diract'eXperisek, trustee,„ band. insueatieJlind reset-lie silt* prornitnvisH .:,

-- Tatings.,,:finanaal advisor fees and alieniei,.je6al'fees 80d exlier*ev'atici_eirterOas asai.F1VgilArith iSst.i4i4o et'ihe006.Reitindir.ig Efonds. . • ., *- •Consists of °y ell underwriters: discOu -nterid (ii) underwriters' fee'S end - , -

• I- ..••■ Ws:

• • -4

. • •

•

Attachment T/U

Redemption. .

. The 2007: Bonds are subject .to optional redemptien and mandatory sinking accOuntredemption prior to their respective stated maturities as described in this Official Statement. .

PLAN OF FINANCING

The Project

Proceeds deposited into the Belies 2007A-T Pf0101fund and the Series 2007B ProjectFund will be held.and disbursed for purposes of financing redevelopment activities within or ofbenefit to the Merged Area, including projects designated by the County of Santa Clara(collectively, the 'Pm/Jaen.

The various elements of the Project are not security for the 2007 Bonds and the Agencycan provide no assurance that the elements of the Project will not change.

•

Estithated Sources and Uses of Funds•

• The following 'table sets forth the estimated sources and uses of funds for the 2007Bonds. •

' TAB* LEREDEVELOPMENT AGENCY OE CITY OF SAN JOSE

Sources and Uses of Funds. .

- 2007B Bonds •$191,800,000:99

1.128.106.002493D(090 1X3'1:128M8:00-

§192,728,708.$0 $214,0;58,708.90•

$20,190,000.00$176,810,000.00 179;810,000.00

. 9,800,000.00 10,730,000.002,215015.64 2400,58614

903.595.26 92 ,122.76

$192,-72,708.90' $214,058,798.90

-

dources of Funds:• .Par AmouRt• Pills Net Original Issue Premium

Total Sources

g0IZI7ALT BondS $21,330,000.00

0.00

01,330,000M°

Uses of Funds:Deposit to Series 2007A-T ProjectFund $20,196,000.00

. Depoeit to Interest Fund (1)Deposit to Series 20078 Project Fund

Costs of Issuance PI 930,000..00,

185,470.80Lisiderwdters' Discount -24,529.50

Total Uses $21,330,000 00

To pay approximately one year's interestthe 20137.8 Bonds. on the 2007A-T Bands-and approximately one year's interOst pn

trustee, bondlnsurence and reserve surety .premiums; ratings,Includes the Agency's direct expenses, lees and expenses end other miscellaneous expenses asscOlatedfinancial advisor fees and expenses. leaai

With issuance of the 2007 Bonds.

Attachment V

PLAN OF FINANCING

The Project

Proceeds deposited inte the Series 2008B Project Fund will be held end disbursed for• PYrPoses of financing redevelopment activities within-or of beneflt.to the Merged Area including,projects designated by the County of Santa ,Clara (collectively, the RProjecr). •

The various elements of the Project are not security for the 2008B "Bonds and the_ -Agency can provide no assurance that the elements of the Project will not change.


The following tahle sets•forth the eslimated Sources and uses of fundS for the 200813Sends.

TABLE 1REDEVELOPMENT AGENCY OF CITY OF SAN JOSE

Sources and Uses of Funds

Sources of Funds: AmountPar Amount $60,1415,000.00Plus Lese.Original issue Dfscount (1,219,739.80)

Total Sources 78,925,260.70

Uses of Funds:. .

Deposit to Series 20088 F, ,Pojeot- Fund $55,656,174.06Deposit to tnteiest fund ii) 14,194,825:94CostSof.ISSiionge (21 339,388.66Deposit_io tfiflE'3 Reserve Account, . 8,014,500.00Undetwrifer's Discotint • 371,372.05

Total Uses 781925,280n

; EQ01 0:thr.00 *ere'• ihtereet 94 the 2448B Aonds.inciedes the Agent ysdirea ekpiiiSet ttoaea, retfa4S, financ adVisOr fees and expenses, legal fees andexpenses -and other miscellaneous expenses associated with. issuance of the 2008.ationds: . -

(2)

Attachment W

PLAN OF FINANCING-The Project

Proceeds deposited into the Series 2008A Project Fund will be held and disbursed forpurposes of financing redevelopment activities within or of benefit to the Merged Area, includingprojects designated by the County of Santa Clara (collectively, the TrojeCtl.

The various elements Of the ProjeOt are not Security for the 2008A Bonds and theAgency can provide nO assurance that the elements of the Project will not change..


The following table sets forth the eitimated sources and uses of funds for the 2008ABonds.

REDEVELOPMENT AGENCY 'OF CITY O1 SAN. Funds -

So woes of Funds! . AmountPar Amount $37,150;octo:po:

_ Less Ortginai issue Discount . (128255-.00)

Total Sources $87;021,744.40 --..

• Uses of Funds: 11Deposit tc: Series 200-8A Project Fund . U0,608,129:70:. ,Depositsto Interest Fund (1) . 543....8479-VCosts of Issuar.ice (2) 104012:00 .'Deposit to 200842008B Reserve Account . 2,50086.00 .. . [

- Underwriter's Discount ' ' ' - : 61 .4 -.744 40 .,i

T-otat Uses . . - $87,021744.40•

Equal to three years Interest on the 200BA Bonds.Includes the Agency's direct expenses, trustee, rqiings„ financial advisor fees and expenses, IOW fees 24expenses and other miscellaneous expenses associated with ,Issuance of The 2098k Borida. • •

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' • • - ..... . .-.-.--...

Attachment X .

REDEVELOPMENT AGENCY OF THE CITY . OF SAN JOSE•CITY/AGENCY COOPERATION AGREEMENT INDEBTEDNESS

Merged Area Indebtedness contained in the FY 2009-2010 Redevelopment Agency'sCapital Budget and in the City/Agency Cooperation Agreement (8/31/2009 Capital Cost Report):

PROJECT AREABUDGETAMOUNT

CARRY OVERENCUMBRANCE TOTAL

Almaden Gateway $ 1,576,372 $ 769,408 2,345,780

Century Center 12,496 36,319 48,815

Civic Plaza

Edenvale 11,473,000 233,761 11,706,821

Guadalupe - Auzerais 7,315 7,315

Julian/Stockton 12,255,043 538,002 12,793,046

Market Gateway 630,508 82,833 613,341

Merged Area 71,0411419 26,286,470 97,327,889

Neighborhood Investment Program 7,077,504 2,454,222 9,531,726

Park Center Plaza 10,141,377 3,184,456 13,325,833

Rincon de los Esteros 23,338,115 193,204 23,531,319

San Antonio Plaza 2,986,489 35,000 3,021,489

Strong Neighborhood Initiative 40,194,956 12,048,602 " 62,243,558

Capital Direct/Indirect Operating 16,382,066 645,790 16,027,856

Subtotal 196,009,405 46,515,382 242,524,787

General Operating Costs 8,152,688 127,219 8,279,907

Total $ 204,162,093 46,642,601 $ 250,804,694

9/26/07

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