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Bonds") pursuant to the Law, the 1993 Indenture and a First Supplement to Indenture, dated as of January 1, 2003, by and between the Agency and the Trustee (the "First Supplement"). E. The Agency desires to confirm the authorized principal amount of the Series 2003A in an amount not to exceed $25,000,000. F. Pursuant to said Resolution and the First Supplement the Series 2003A Bonds will be issued as Additional Bonds (within the meaning of the 1993 Indenture) on a parity with the Series 1993D Bonds. G. The Agency has also determined to refinance the Series 1993D and, in implementation thereof, the Agency has determined to issue its not to exceed $39,000,000 aggregate principal amount of Santa Ana South Main Street Redevelopment Project Tax Allocation Refunding Bonds, Series 2003B (the "Series 2003B Bonds" and, together with the Series 2003A Bonds, the "Bonds") pursuant to the Law, the 1993 Indenture and a Second Supplement to Indenture, dated as of Mamh 1, 2003, by and between the Agency (the "Second Supplement") and the Trustee to provide funds to refund and defease the 1993D Bonds. H. In order that the Series 2003B Bonds will be issued as "current refunding bonds" under applicable federal tax laws, the Series B Bonds will be delivered after June 1, 2003, and after the delivery date of the Series A Bonds (estimated to be delivered in the month of April, 2003) and the Series 2003B Bonds will be issued as Additional Bonds (within the meaning of the 1993 Indenture) in compliance with all applicable conditions in order to be secured by a pledge of and lien on Pledged Tax Revenues (within the meaning of the 1993 Indenture) on a parity with the Series 2003A Bonds under the 1993 Indenture. I. The Second Supplement, the form of which is on file with the Secretary, is being entered into pursuant to and in accordance with the provisions of Article VI and Section 8.01(c) of the 1993 Indenture for the purpose of prescribing the terms and conditions applicable to the issuance of the Series 2003B Bonds on a parity with the Series 2003A Bonds under the 1993 Indenture, and for the purposes of amending and supplementing the 1993 Indenture with respect thereto. J. The Agency proposes to sell the Bonds to the Santa Ana Financing Authority (the "Authority") for concurrent resale to Salomon Smith Barney, Inc. (the "Underwriter") in accordance with the provisions of the bond purchase agreement in form on file with the Secretary (the "Purchase Contract"), and, in connection with the offering of the Bonds, the Agency has caused to be prepared an Official Statement describing the Bonds (the "Official Statement") the preliminary form of which is on file with the Secretary. K. The refinancing of the 1993D Bonds will be implemented pursuant to the provisions of the 1993D Bonds Escrow Deposit and Trust Agreement, dated as of March 1, 2003, by and between the Agency and the Trustee, as escrow bank, the form of which is on file with the Secretary (the "Escrow Agreement").