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<br />" 1 <br />2 <br />a <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br /> <br />I ~3 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />.44 <br />45 <br />46 <br />47 <br />48 <br />49 <br />50 <br />51 <br />52 <br />53 <br />54 <br />55 <br />56 <br />57 <br />58 <br />59 <br />60 <br />61 <br />62 <br />63 <br />64 <br /> <br />8: <br /> <br />67 <br />68 <br />69 <br />70 <br />71 <br />72 <br />73 <br />74 <br />76 <br /> <br />'I <br /> <br />Proof of Fobr.ary 16, 1976 <br /> <br />SANTA ANA-7923 <br /> <br />Bowne of San Francisco, Inc" 981-7882 <br /> <br />GALLEY 9 - <br /> <br />Purpose and Disposition of <br />Bond Proceeds <br /> <br />Proceeds of the Bonds are to be used to finance <br />acquisition of land for resale for redevelopment, re- <br />location and site clearance, repay city advances to <br />the Project, establish a bond reserve and related <br />expenses of Bond issuance, as more fully described <br />in the section of this official statement entitled "City <br />of Santa Ana Redevelopment Project Area," <br />Under the provisions of the Resolution, the Fiscal <br />Agent will receive the proceeds from the sale of the <br />Bonds and will apply them as follows: <br />(I) An amount equal to the accrued interest <br />and premium, if any, on the Bonds will be de- <br />posited in the Interest Account of the City of <br />Santa Ana Redevelopment Project Area Special <br />Fund, <br />(2) A sum equal to maximum annual debt <br />service on the Bonds will be deposited in the Re- <br />serve Account of the City of Santa Ana Redevel- <br />opment Project Area Special Fund, <br />(3) The balance of the proceeds will be de- <br />posited in the City of Santa Ana Redevelopment <br />Project Area Redevelopment Fund, to be ex- <br />pended for the purposes for which the Bonds <br />were issued" <br /> <br />The estimated amount of Bond proceeds to be <br />used for each of the specified purposes is as pre- <br />sented in the tabulation below, <br /> <br />CITY OF SANTA ANA REDEVELOPMENT <br />PROJECT AREA <br /> <br />Disposition of Bond Proceeds <br /> <br />Land acquisition/relocation/demoli- <br />tion """""""""""""""'" <br />Public improvements""""",,," <br />Project administration and repayment <br />of city advances "'""""'""""' <br />Reserve Account (maximum annual <br />bond service) "'"'"""""""'"""" <br />Provision for Bond discounl (5% <br />maximum) '""""""'"'"'"" <br />Costs of issuance (legal, financing, <br />prinling,etc,) "'"'""'""'""""' <br /> <br />Principal Amount of Bonds" "' , " " <br /> <br />$ 7,284,650 <br />3,077,350 <br /> <br />1,200,000 <br /> <br />1,113.000 <br /> <br />675,000 <br /> <br />150,000 <br />$13,500,000 <br />