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. , . . , ", , Bonds were issued, that sum shall be transferred to the Special Fund. Moreover, all interest and income earned from the Redevelopment Fund on or prior to the date established by resolution of the Agency shall be retained therein. All of the above uses constitute a "redevelopment activity" as that term is defined in Health and Safety Code Section 33678. Section 14. Tax Revenues. As provided in the Redevelopment Plan, pursuant to Article 6 of the Law and Section 16 of Article XVI of the Constitution of the State of California, taxes levied upon taxable property in the Redevelopment Project Area each year by or for the benefit of the State of California, any city, county, city and county, district, or other public corporation (herein sometimes collectively called "taxing agencies") after the effective date of the Ordinance approving the Redevelopment Plan (being Ordinance No. 1173 of the City of Santa Ana, which became effective on August 1, 1973 as amended by Ordinance No. 1258 of the City which became effective on July 2, 1975 shall be divided as follows: (a) That portion of the taxes which would be produced by the rate upon which the tax is levied each year by or for each of the taxing agencies upon the total sum of the assessed value of the taxable property in the Redevelopment Project Area as shown upon the assessment roll used in connection with the taxation of such property by such taxing agency last equalized prior to August 1, 1973, (being the effective date of Ordinance No. 1173, referred to above with respect to the original project area) and July 2, 1975 (being the effective date of Ordinance No, 1258 referred to above with respect to the areas added by such amendment.) shall be allocated to and when collected shall be paid into the funds of the respective taxing agencies as taxes by or for the taxing agencies on all other property are paid; and (b) That portion of the levied taxes each year in excess of such amount shall be allocated to and when collected shall be paid into the Special Fund of the Agency. This portion of the levied taxes (plus State reimbursed amounts for certain property tax exemptions related to business inventory, to the extent received), are herein referred to as "Tax Revenues." The foregoing provisions of this Section are a portion of the provisions of Article -6 of the Law as applied to the Bonds and shall be interpreted in accordance with Article 6, and the further provisions and definitions contained in Article 6 are incorporated by reference herein and shall apply. 02-22-83 4141P/2306/00 ,4 - 3:2. 3A -15-