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. . 8 . . EXHIBIT A (FORM OF BOND) STATE OF CALIFORNIA CITY OF SANTA ANA COMMUNITY REDEVELOPMENT CITY OF SANTA ANA REDEVELOPMENT PROJECT TAX ALLOCATION REFUNDING BOND, 1985 SERIES E AGENCY AREf' The CITY OF SANTA ANA COMMUNITY REDEVELOPMENT AGENCY (hereinafter sometimes called the "Agency"), a public body, corporate and politic, duly organized and existing under the laws of the State of California, for value received, hereby promises to pay (but solely out of the funds hereinafter mentioned) to the registered owner or registered assigns (herein sometimes referred to as "registered owner"), subject to the right of prior redemption hereinafter mentioned, the principal sum set forth above, on the maturity date set forth above, and to pay the registered owner on each interest payment date by check or draft mailed to him as his name and address appear on the register kept by Dai-Ichi Kangyo Bank of California (the "Fiscal Agent") at the close of business on the first (1st) day of the month next preceding each interest payment date (the "regular record date"), interest on the principal sum from the interest payment date next preceding the date hereof (unless (i) the date hereof is an interest payment date, in which event from that interest payment date, or (ii) the date hereof is prior to June 1, 1986), until December 15, 1989, the interest shall be payable on June 15 and December 15 of each year at the rate (the "Reset Date") and for the period (the "Reset Period") as determined by the Remarketing Agents as set forth in the following paragraph in which event from December 15, 1985 until the principal hereof shall have been paid or provided for in accordance with the Resolution hereinafter referred to, at the rate set forth above per annum payable semiannually on June 15 and December 15 in each year commencing on June 15, 1986, Both principal and interest and any premium upon the redemption prior to maturity of all or part of this Bond are payable in lawful money of the United States of America, and (except for interest which is payable by check or draft as stated above) are payable at the corporate trust office of Texas Commerce Bank National Association, as agent for the Fiscal Agent in Houstin, Texas. For each Reset Period subsequent to December 15, 1989, the interest rate for the Bonds will be a rate per annum equal to the Reset Rate, determined as follows: on December 1, 1989 (or if such date is not a Business Day, as defined hereinafter, on the next succeeding Business Day), and on the fourteenth day immediately preceding each Reset Date thereafter (or if such 12-28-85 0063k/2281/05 A-1