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, I, '.,' , " , '. , , Mr. Richard E. Goblirsch Community Redevelopment Agency of the City of Santa Ana April 18. 1974 Page 5 work period, the total fee for Task 2 will amount to $4.200, How- ever, we feel that some savings may be effected since a portion of the Task 2 work can be accomplished within the Task 1 time-frame. TASK 3: Sale of tax allocation bonds. . SERVICES: (a) Apply the findings under Tasks 1 and 2, as appro- priate, to the first sale of project tax allocation bonds. Portions of the work areas specified under Task 1 and 2 may be accelerated to provide necessary data and information on which to base the first bond issue and meet the Agency's financing schedule. (b) Develop financial provisions. terms and conditions for incorporation in Resolution of the Agency pro- viding for issuance oJ the bonds, including bond security language, liberal provisions for the issuance of addi- tional bonds which will permit the Agency to incur addi- tional indebtedness without compromising the position of holders of outstanding bonds, bond amortization sched- ule, and specific covenants to be adopted by the Agency for the protection of the bondholders. . (c) Present and discuss such financial provisions with Agency, and work with bond counsel in the prepar- ation of the Resolution of Issuance to the extent that the suggested provisions are incorporated therein. (d) Confirm the incremental assessed valuation of the project existing in the fiscal year in which the bonds are to be sold, through examination of the County records, and, if necessary, State records. (e) Confirm assessed valuation of new development that is in progress or may otherwise be considered as se- curity for a forthcoming bond is sue, but which is not yet fully reflected on the tax rolls. . (f) Prepare the text of an Official Statement of the Agency offering the bonds for sale, which will in- clude a description of the bonds and their terms of ì{O