Bond Expenditure Agreement Sample Contracts

MOTION ECONOMIC DEVELOPMENT
Bond Expenditure Agreement • October 15th, 2021

On January 16, 2015, the City of Los Angeles (City) and CRA/LA, a Designated Local Authority (CRA/LA), entered into a Bond Expenditure Agreement (BEA) for the transfer of approximately $86.4 million in CRA/LA Excess Bond Proceeds (EBP) to the City for use on projects identified in the Bond Spending Plan contained within the BEA and that are consistent with the provisions of the underlying bond covenants, Redevelopment Plan, and Five Year Implementation Plan for each respective Project Area (C.F. 14-1174; Contract No. C-125212). The principal amount of the EBP funds has increased to approximately $88.4 million due to subsequent transfers received from CRA/LA. In addition, the EBP funds have earned approximately $4.9 million in interest monies.

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BOND EXPENDITURE AGREEMENT
Bond Expenditure Agreement • September 23rd, 2014 • California

, 2014 by and between the Successor Agency of the Redevelopment Agency of the City of Milpitas, a public entity (the "Successor Agency"), and the City of Milpitas, a municipal corporation (the "City"). The Successor Agency and the City (sometimes together referred to as the "parties", and individually as a "party") have entered into this Agreement on the basis of the following facts, understandings, and intentions:

BOND EXPENDITURE AGREEMENT
Bond Expenditure Agreement • December 22nd, 2020

This Bond Expenditure Agreement (the “Agreement”) is entered into effective January 21, 2021, by and between the City of Coalinga, a municipal corporation (the “City”), and the Successor Agency to the Coalinga Redevelopment Agency under Health and Safety Code Section 34173 (“Successor Agency”) pursuant to City Council Resolution No. 3998, Successor Agency Resolution No. SA-337, and the Fresno Countywide Oversight Board (“Oversight Board”) Resolution No. OB 2021-XX.

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