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redevelopment activities for the benefit of the Redevelopment <br />Projects and, in particular, to: <br />(1) refund, on a current basis, the outstanding Santa Ana Financing <br />Authority Refunding Revenue Bonds, 1998 Series A (City of Santa <br />Ana and South Harbor Boulevard/Fairview Street Redevelopment <br />Projects) (the "1998A Bonds"), <br />(2) refund, on a current basis, the outstanding Santa Ana Financing <br />Authority Refunding Revenue Bonds, 1998 Series B (City of Santa <br />Ana and South Harbor Boulevard/Fairview Street Redevelopment <br />Projects) (the "19988 Bonds"), <br />(3) refund, on a current basis, the outstanding Santa Ana Financing <br />Authority Refunding Revenue Bonds, 1998 Series C (Inter-City <br />Commuter Station Redevelopment Project) (the "1998C Bonds"), <br />(4) refund, on a current basis, the outstanding Santa Ana Financing <br />Authority Refunding Revenue Bonds, 1998 Series D (MainPlace <br />Project) (the "1998D Bonds" and, with the 1998A Bonds, the 1998B <br />Bonds and the 1998C Bonds, the "1998 Bonds"), and <br />(5) finance certain public parking and infrastructure improvements <br />(the "2010 Project"); <br />F. to provide moneys to refund the 1998 Bonds and, if for any reason <br />the Agency is unable to issue or determines not to issue the 2010B <br />Bonds (hereinafter defined), to finance the 2010 Project, the <br />Agency has determined to issue its Community Redevelopment <br />Agency of the City of Santa Ana Tax Allocation Bonds (Merged <br />Project Area), 2010 Series A, in the aggregate principal amount of <br />not to exceed $75,000,000 (the "2010A Bonds"), under the <br />provisions of Article 9 of Chapter 3 (commencing with section <br />53570) of Division 2 of Title 5 of the California Government Code <br />(the "Refunding Bond Law") and, if the 2010A Bonds include <br />provision for the 2010 Project, under the provisions of Part 1 of <br />Division 24 of the California Health and Safety Code, commencing <br />with section 33640 of said Code (the "Redevelopment Bond Law"); <br />G. the American Recovery and Reinvestment Act of 2009 (the <br />"Federal Stimulus Act"), added sections 14000-1 and 14000-2 to <br />the Internal Revenue Code of 1986 (the "Code"), authorizing state <br />and local governmental agencies to issue recovery zone economic <br />development bonds ("Recovery Zone Economic Development <br />Bonds") upon compliance with various requirements of the Code; <br />H. among other requirements, the Code requires that the net <br />proceeds of any Recovery Zone Economic Development Bonds be <br />-2- <br />80--10