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<br />11 <br /> <br /> <br />5 <br />6 <br />7 <br />8 <br />8 <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 />123 <br />24 <br />25 <br />25 <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 /> <br />.64 <br />65 <br />66 <br />67 <br />68 <br />69 <br />70 <br />71 <br />72 <br />73 <br />74 <br />75 <br /> <br />Proof of Fobruary 16, 1978 <br /> <br />SANTA ANA-7923 <br /> <br />Bowne of San Francisco, Inc., 981-7882 <br /> <br />GALLEY 18- <br /> <br />6. The Agency will carry out to completion with <br />all practical dispatch the Project, and the Project <br />will be accomplished am! completed in a sound and <br />economical manner and in conformity with the <br />Redevelopment Plan, and the Community Redevel- <br />opment Law, The Redevelopment Plan may be <br />amended as provided in the Law, but no such amend- <br />ment may be made which would substantially impaír <br />the security of the Bonds or the rights of Ihe Bond- <br />holders, <br />7, If all or any part of the Project owned by the <br />Agency shall be taken by eminent domain proceed- <br />ings, the net proceeds realized by the Agency there- <br />from shall be deposited with the Fiscal Agent in the <br />Special Fund for the purpose of paying principal <br />of and interest on the Bonds subject to the terms, <br />conditions and requirements contained in the Reso- <br />lution, <br />8, Whenever any property in the Project has <br />been redeveloped and thereafter is leased by the <br />Agency to any person or persons (other than the <br />City of Santa Ana) or whenever the Agency leases <br />real property in the Project to any person or persons <br />(other than the City of Santa Ana) for redevelop- <br />ment, the property shall be assessed and taxed in <br />the same manner as privately owned property; as <br />reqnired by Section 33673 of the Health and Safety <br />Code of the State of California" <br />9. The Agency will not dispose of more than <br />10% of the land area in the Project (other than <br />property shown by the Redevelopment Plan in effect <br />as of the date of the Resolution as planned for public <br />use, or for such other limited public uses as specified <br />in the Resolution) to public bodies or other persons <br />or entities whose property is tax exempt if as a result <br />of such disposition the security of the Bonds or the <br />rights of the Bondholders will be substantially <br />impaired, <br />