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E. the Redevelopment Projects continue to retain their respective <br />boundaries, time, and financial limits; <br />F. the Agency has determined that, due to financial conditions of the Agency <br />and prevailing financial market conditions, it is in the best interests of the <br />Agency at this time to finance and refinance redevelopment activities for <br />the benefit of the Redevelopment 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 Ana <br />and South Harbor Boulevard/Fairview Street Redevelopment Projects) <br />(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 Ana <br />and South Harbor Boulevard/Fairview Street Redevelopment Projects) <br />(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 Commuter <br />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 Project) <br />(the 1998D Bonds" and, with the 1998A Bonds, the 1998B Bonds and the <br />1998C Bonds, the "1998 Bonds"), and <br />(5) finance certain public parking and infrastructure improvements (the <br />"2010 Project"); <br />G. to provide moneys to refund the 1998 Bonds and, if for any reason the <br />Agency is unable to issue or determines not to issue the 2010B Bonds <br />(hereinafter defined), to finance the 2010 Project, the Agency has <br />determined to issue its Community Redevelopment Agency of the City of <br />Santa Ana Tax Allocation Bonds (Merged Project Area), 2010 Series A, in <br />the aggregate principal amount of not to exceed $75,000,000 (the "2010A <br />Bonds"), under the provisions of Article 9 of Chapter 3 (commencing with <br />section 53570) of Division 2 of Title 5 of the California Government Code <br />and, if the 2010A Bonds include provision for the 2010 Project, under the <br />provisions of Part 1 of Division 24 of the California Health and Safety <br />Code, commencing with section 33640 of said Code (the "Redevelopment <br />Bond Law"); <br />H. the American Recovery and Reinvestment Act of 2009 (the "Federal <br />Stimulus Act'), added sections 14000-1 and 14000-2 to the Internal <br />Revenue Code of 1986 (the "Code"), authorizing state and local <br />Resolution No. SAFA 2010- <br />Page 2 of 2 8OA-1 7