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SA-3 - RESO TAX ALLOCATION BOND
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SA-3 - RESO TAX ALLOCATION BOND
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Last modified
7/12/2018 5:35:37 PM
Creation date
7/12/2018 5:27:26 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
7/17/2018
Destruction Year
2023
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for the purposes of such records, any audits thereof and any reports or statements with respect <br />thereto, be treated either as a fund or as an account; but all such records with respect to all such <br />funds and accounts shall at all times be maintained in accordance with sound accounting <br />practices and with due regard for the protection of the security of the Bonds and the rights of the <br />Owners. <br />Section 12.12 Article and Section Headinss and References. The headings or titles of <br />the several Articles and sections hereof, and the table of contents appended hereto, shall be <br />solely for convenience of reference and shall not affect the meaning, construction or effect of the <br />Indenture. <br />All references herein to "Articles," "Sections" and other subdivisions are to the <br />corresponding articles, sections or subdivisions of the Indenture; and the words "herein," <br />"hereof," "hereunder" and other words of similar import refer to the Indenture as a whole and not <br />to any particular article, section or subdivision hereof. <br />Section 12.13 Partial Invalidity. If any one or more of the agreements or covenants or <br />portions thereof provided in the Indenture to be performed on the part of the Agency (or of the <br />Trustee) should be contrary to law, then such agreement or agreements, such covenant or <br />covenants, or such portions thereof, shall be null and void and shall be deemed separable from <br />the remaining agreements and covenants or portions thereof and shall in no way affect the <br />validity of the Indenture or of the Bonds; but the Owners shall retain all the rights and benefits <br />accorded to them under the Law or any other applicable provisions of law. The Agency hereby <br />declares that it would have entered into the Indenture and each and every other section, <br />paragraph, subdivision, sentence, clause and phrase hereof and would have authorized the <br />issuance of the Bonds pursuant hereto irrespective of the fact that any one or more sections, <br />paragraphs, subdivisions, sentences, clauses or phrases of the Indenture or the application thereof <br />to any person or circumstance may be held to be unconstitutional, unenforceable or invalid. <br />Section 12.14 Notices. All notices required to be given hereunder to the Agency, the <br />Trustee and the 2018 Bond Insurer, shall be sent to the following addresses: <br />Agency: Successor Agency to the former Community <br />Redevelopment Agency of the City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, California 92701 <br />Attention: Executive Director <br />Trustee: The Bank of New York Mellon Trust Company, N.A. <br />400 South Hope Street, Suite 500 <br />Los Angeles, California 90071 <br />Attention: Corporate Trust Department <br />4150-2542-5420.3 58 <br />40990-25 <br />SA -3-76 <br />
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