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<br />. <br /> <br />. <br /> <br />. <br /> <br />provisions of the Community Redevelopment Law of the state of <br /> <br />California; <br /> <br />/ <br /> <br />WHEREAS, Article 4 of Chapter 5 of Division 7 of Title 1 <br /> <br />of the Government Code of ,t;hfl State of California (the "Marks-Roos <br />~ .". <br /> <br />Local Bond Pooling Act of 1985") authorizes and empowers the <br /> <br />Authority to. issue bonds and to purchase bonds issued, or to make <br /> <br />loans to, the Agency or the City for financing public capital <br /> <br />improvements, working capital, liability and other insurance needs, <br /> <br />or projects whenever there are significant public benefits, as <br /> <br />determined by the Agency or the City, as the case may be; <br /> <br />WHEREAS, the Marks-Roos Local Bond Pooling Act of 1985 <br /> <br />further authorizes and empowers the Authority to sell bonds so <br /> <br />issued or purchased to public or private purchasers at public or <br /> <br />negotiated sale; and <br /> <br />WHEREAS, by this Agreement, the City and the Agency <br /> <br />desire to create and establish the Santa Ana Financing Authority <br /> <br />for the purposes set forth herein and to exercise the powers <br /> <br />described herein; <br /> <br />NOW, THEREFORE, the City and the Agency, for and in <br /> <br />consideration of the mutual promises and agreements herein <br /> <br />contained, do agree as follows: <br /> <br />SECTION 1. DEFINITIONS <br /> <br />Unless the context otherwise requires, the terms defined <br /> <br />in this Section 1 shall for all purposes of this Agreement have the <br /> <br />meanings herein specified. <br /> <br />LAI-45527.2 <br /> <br />2 <br />