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<br />"Reset Date" means December 15, 1990 and each date <br />thereafter determined by the Remarketing Agent on which the <br />interest rate on the Bonds will be reset. <br /> <br />. <br /> <br />"Reset Period" means the period from and including <br />each Reset Date to but not including the next succeeding Reset <br />Date. <br /> <br />"Reset Rate" means the rate of interest to be borne by <br />the Bonds during a Reset Period, as determined from time to <br />time by the Remarketing Agent pursuant to this Resolution and <br />the Remarketing Agreement. <br /> <br />"Resolution" means this Resolution No. 85-56 adopted <br />by the Agency on December 3, 1985. <br /> <br />"Revised Rate" means the Prime Rate Plus one percent <br />(1%) per annum. <br /> <br />"Serial Bonds" means the Bonds maturing on December 15 <br />in the years 1986 through 1990. <br /> <br />. <br /> <br />"Special Fund" means the City of Santa Ana Community <br />Redevelopment Agency, Santa Ana South Main Street Redevelopment <br />Project Tax Allocation Bonds, 1985 Series D Special Fund <br />created pursuant to Section 12 hereof. <br /> <br />"Special Term Bonds" means the Bonds maturing on <br />December 15, 2015. <br /> <br />"Tax Revenues" means that portion of taxes levied upon <br />taxable property in the Redevelopment Project Area and received <br />by the Agency on or after the date of issue of the Bonds, with <br />respect to the Redevelopment Project Area pursuant to Article 6 <br />of Chapter 6 of the Law and Section 16 of Article XVI of the <br />Constitution of the State of California, plus state reimbursed <br />amounts for certain property tax exemptions including, but not <br />limited to, those relating to business inventory and <br />homeowner's exemption, to the extent actually received, net of <br />80% of Tax Revenues set aside for other indebtedness and <br />agreements, all as more particularly set forth hereafter in <br />this Resolution. <br /> <br />"Term Bonds" means the Bonds maturing on December 15, <br /> <br />2014. <br /> <br />. <br /> <br />"Treasurer" or "Treasurer of the Agency" means the <br />officer who is then performing the functions of treasurer of <br />the Agency. <br /> <br />Section 2. Amount, Issuance and Purpose of Bonds. <br />Under and pursuant to the Law and this Resolution, Bonds of the <br />Agency in a principal amount of Thirteen Million Dollars <br />($13,000,000) shall be issued by the Agency for the corporate <br /> <br />12-02-85 <br />9564p/228l/0l <br /> <br />-7- <br />