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1985-54 CRA
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1985-54 CRA
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Last modified
1/3/2012 12:21:57 PM
Creation date
3/3/2005 8:32:24 AM
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City Clerk
Doc Type
Resolution
Doc #
CRA 1985-54
Date
12/3/1985
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<br />. <br /> <br />. <br /> <br />. <br /> <br />affiliate thereof, provided that such certificates of deposit, <br />time deposits or demand deposits, if not insured by the Federal <br />Deposit Insurance Corporation or the Federal Savings and Loan <br />Insurance Corporation, are fully secured by obligations <br />described in Clauses (1), (2), or (3) above; (5) bank <br />repurchase agreements issued by a bank described in Clause (4) <br />above, the underlying securities of which are held by the <br />Fiscal Agent or by a Federal Reserve Bank and are obligations <br />described in Clauses (1), (2) or (3) above and which are of <br />market value from time to time which is acceptable to the <br />Fiscal Agent, the Bank and the Agency¡ (6) investment of moneys <br />in the Local Agency Investment Fund in the State Treasury <br />created by Section 16429.1 of the Government Code of the State; <br />or (7) an investment agreement with a financial institution the <br />long term debt of which is rated AAA or better by Standard & <br />Poor's Incorporated or Aaa by Moody's Investor's Service or <br />whose short term debt is rated SP1+ by Standard & Poor's Inc. <br />or V-MIG 1 by Moody's Investors Service. <br /> <br />"Record Date" means the first day of the month in <br />which the Interest Payment Date occurs. <br /> <br />"Redemption Account" means the account by that name <br />created pursuant to Section ll(c) hereof. <br /> <br />"Redevelopment Agency" or "Agency" means the City of <br />Santa Ana Community Redevelopment Agency, a public body <br />corporate and politic, organized and existing under the laws of <br />the State of California. <br /> <br />"Redevelopment Fund" means the City of Santa Ana <br />Community Redevelopment Agency, City of Santa Ana Redevelopment <br />Project Area Tax Allocation Bonds, 1985 Series B Redevelopment <br />Fund created pursuant to Section 12 hereof. <br /> <br />"Redevelopment Plan" means the Redevelopment Plan for <br />the City of Santa Ana Redevelopment Project Area, approved and <br />adopted by the City, and includes any amendment thereof <br />hereafter made pursuant to the Law. <br /> <br />"Redevelopment Project Area" means the project area <br />described and defined in the Redevelopment Plan. <br /> <br />"Refunded Bonds" means the $13,500,000 principal <br />amount of City of Santa Ana Redevelopment Project Area, 1978 <br />Tax Allocation Bonds issued pursuant to Resolution No. 78-10 of <br />the Agency. <br /> <br />"Regular Record Date" means the fifteenth day <br />preceding any Interest Payment Date. <br /> <br />"Reimbursement Agreement" means the Initial Letter of <br />Credit and Reimbursement Agreement among the Agency, the <br />Trustee and the Bank dated as of December 1, 1985. <br /> <br />12-02-85 <br />9553P/228ljOl <br /> <br />-6- <br />
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