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<br />. <br /> <br />. <br /> <br />. <br /> <br />In the event of such a defeasance of the Bonds, the <br />Fiscal Agent shall cause an accounting for such period or <br />periods as shall be requested by the Agency to be prepared and <br />filed with the Agency, and the Fiscal Agent, upon the request <br />of the Agency, shall release the rights of the Bondholders <br />under this Resolution and execute and deliver to the Agency all <br />such instruments as may be desirable to evidence such release, <br />discharge and satisfaction, and the Fiscal Agent shall pay over <br />or deliver to the Agency all moneys or securities held by it <br />pursuant to this Resolution which are not required for the <br />payment or redemption of Bonds not theretofore surrendered for <br />such payment or redemption. <br /> <br />Provision shall be made by the Agency, satisfactory to <br />the Fiscal Agent, for the mailing of a notice to the Owners of <br />such Bonds that such moneys are so available for such payment. <br /> <br />Section 4. Description of Bonds. The Bonds shall be in a <br />principal amount of Nineteen Million Dollars ($19,000,000) and <br />shall be designated "CITY OF SANTA ANA COMMUNITY REDEVELOPMENT <br />AGENCY, SOUTH MAIN STREET REDEVELOPMENT PROJECT TAX ALLOCATION <br />BONDS, 1984." The Bonds shall be initially issued in the form <br />of fully registered bonds in denominations of $5,000 each or <br />any whole multiple thereof. The Bonds shall be serial and term <br />bonds and shall mature on January 1 of the years and in the <br />amounts as follows: <br /> <br />Maturity Date Principal Maturity Date Principal <br />January 1 Amount January 1 Amount <br />1985 $l25,000 1994 $ 260,000 <br />1986 l35,000 1995 285,000 <br />1987 l45,000 1996 315,000 <br />1988 l55,000 1997 345,000 <br />1989 l70,000 1998 380,000 <br />1990 l85,000 1999 420,000 <br />1991 200,000 2000 460,000 <br />1992 215,000 2013 5,970,000 <br />1993 235,000 2014 9,000,000 <br /> <br />The Bonds maturing on January l, 2013 are designated Terms <br />Bonds and the Bonds maturing on January 1, 20l4 are designated <br />Special Term Bonds. <br /> <br />Section 5. Interest. The Bonds shall bear interest at a <br />rate or rates to be hereafter fixed by resolution, but not to <br />exceed twelve percent (l2%) per annum payable on July 1, 1985 <br />and semiannually thereafter on each January 1 and July l. Each <br />Bond shall bear interest until its principal sum has been paid; <br />provided, however, that if funds are available for the payment <br />thereof in full accordance with the terms of this Resolution, <br />such Bond shall then cease to bear interest. <br /> <br />11-30-84 <br />l282p/2281/04 <br /> <br />-6- <br />