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EXHIBIT B <br />COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA <br />TAX ALLOCATION BONDS (MERGED PROJECT AREA) <br />2011 SERIES A <br />DATED FEBRUARY 4, 2011 <br />NOTICE OF REDEMPTION <br />To holders or owners of the Community Redevelopment Agency of the City of Santa Ana Tax <br />Allocation Bonds (Merged Project Area), 2011 Series A, of which $56,630,000 aggregate principal amount <br />is currently outstanding (the "Series 2011 Bonds"), maturing on or after September 1, 2022 as detailed in <br />the table below (the "Redeemed Bonds"): <br />Maturity Date <br />Principal <br />Interest <br />Original Defeased <br />September 1, <br />Amount <br />Rate <br />CUSIP No. CUSIP No. <br />2022 <br />$12,915,000 <br />6.00% <br />801095LDO <br />2024 <br />1,900,000 <br />6.50 <br />801095LG3 <br />2024 <br />14,005,000 <br />6.25 <br />801095LF5 <br />2028 <br />27,810,000 <br />6.75 <br />801095LK4 <br />NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the Indenture of Trust <br />dated as of February 1, 2011 (the "Indenture") providing for the issuance of the above -captioned bonds, the <br />Redeemed Bonds will be redeemed on March 1, 2021 (the "Redemption Date") at the price equal to the <br />principal amount thereof together with interest accrued to the Redemption Date, without premium. On or <br />before the Redemption Date, the Redeemed Bonds are required to be surrendered at the Office of the Trustee <br />for redemption at the Redemption Price. From and after the Redemption Date, interest on the Redeemed <br />Bonds shall cease to accrue. <br />Pursuant to the Indenture, payment of the Redemption Price on the Redeemed Bonds called for <br />redemption will be paid without presentation of the Redeemed Bonds if presentment is not required and <br />upon presentation of the Redeemed Bonds if presentment is required. If presentment is required, surrender <br />thereof can be made in the following manner: <br />Delivery Instructions: <br />The Bank of New York Mellon Trust Company, N.A. <br />Registered or certified insured mail is suggested when submitting Redeemed Bonds for payment. <br />Bondholders presenting their Redeemed Bonds in person for same day payment must surrender <br />their Redeemed Bond(s) by 1:00 P.M. CST on the Redemption Date and a check will be available for pick <br />up after 2:00 P.M. CST. Checks not picked up by 4:30 P.M. CST will be mailed out to the bondholder via <br />first class mail. If payment of the Redemption Price is to be made to the registered owner of the Redeemed <br />Bond, you are not required to endorse the Redeemed Bond to collect the Redemption Price. <br />B-1 <br />4142-5877-7620.1 <br />SA -3-138 <br />