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8 . . . . -; . RESOLUTION NO, 86-20 RESOLUTION OF THE CITY OF SANTA ANA COMMUNITY REDEVELOPMENT AGENCY AMENDING RESOLUTION NO. 85-55 WHEREAS, the Agency has previously authorized and sold its $13,650,000 Santa Ana South Harbor BoulevardjFairview Street Redevelopment Project Tax Allocation Bonds, 1985 Series C; WHEREAS, it is necessary to amend the resolution authorizing the issuance of such Bonds for the purpose of obtaining a rating; NOW, THEREFORE, THE CITY OF SANTA ANA COMMUNITY REDEVELOPMENT AGENCY DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: Section 1. Section 1 is hereby amended to add the following definition after "Date of Issuance": "Eligible Moneys" means (1) amounts deposited in the Special Fund or any of the Accounts therein which have been held by the Fiscal Agent for a period of not less than ninety-five (95) days during which period no Event of Default under Subsection A(4) of Section 24 has occurred; (2) amounts derived from the investment of amounts described in clause (1) above; (3) proceeds of the sale of the Bonds deposited in the Debt Service Reserve Account or the Escrow Fund, together with earnings derived from the investment of such amounts; (4) drawings under the Letter of Credit; and (5) the proceeds of refunding bonds or other obligations of the Agency issued to provide for the payment in full of all Outstanding Bonds at or before maturity; provided that (i) such bonds or other obligations have been held by the Fiscal Agent for a period of not less than ninety-five (95) days during which no Event of Default under Subsection A(4) of Section 24 has occurred or (ii) the Fiscal Agent has received an unqualified opinion of nationally recognized counsel experienced with bankruptcy matters to the effect that payment of the proceeds of such bonds or obligations to the Bondowners would not constitute voidable payments pursuant to the provisions of Section 547 of the United States Bankruptcy Code, in the event the Agency were to become a debtor under the United States Bankruptcy Code."