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Note: Same agreement will be EXHIBIT 1 used for: Santa Ana Unified School District AGREEMENT RE INDEMNITY, WAIVER AND RELEASE Orange Unified School District Rancho Santiago community REGARDING college District PASS THROUGH OBLIGATIONS This Agreement Re Indemnity, Waiver and Mutual Release Regarding Pass Through Obligations ( "Agreement ") is made and entered into as of 2015, by and among the Successor Agency to the Community Redevelopment Agency of the City of Santa Ana ( "Successor Agency "), and Santa Ana Unified School District ( "Taxing Agency "). Successor Agency and Taxing Agency may be referred to singularly as a "Party" and collectively as the "Parties." RECITALS A. Prior to February 1, 2012, the Community Redevelopment Agency of the City of Santa Ana (herein referred to as the "Former Agency ") was a community redevelopment agency duly organized and existing under the California Community Redevelopment Law (Health and Safety Code Section 33000, et seq,) (the "Redevelopment Law "), and was authorized to transact business and exercise the powers of a redevelopment agency pursuant to action of the City Council of the City of Santa Ana. B. Assembly Bill lx 26, chaptered and effective on June 28, 2011, added Parts 1.8 and 1.85 to Division 24 of the California Health and Safety Code, which caused the dissolution of all redevelopment agencies and winding down of the affairs of former agencies, including as such laws were amended by Assembly Bill 1484, chaptered and effective on June 27, 2012 (together, the "Dissolution Act"). C. As of February 1, 2012 the Former Agency was dissolved pursuant to the Dissolution Act and the Successor Agency serves as the successor agency to the Former Agency. D. The Successor Agency administers the enforceable obligations of the Former Agency and otherwise unwinds the Former Agency's affairs, all subject to the review and approval by a seven- member oversight board ( "Oversight Board "). E. The Former Agency was obligated to make certain statutory pass through payments to the Taxing Agency pursuant to Health and Safety Code Section 33607,5 and Section 33607.7 ( "Tax Sharing Payments "). F. Upon dissolution of the Former Agency; the Tax Sharing Payments were calculated and disbursed by the Orange County Auditor-Controller ( "CAC "). G. The Taxing Agency alleges that the Former Agency incorrectly calculated the Tax Sharing Payments, resulting in past -due, retroactive Tax Sharing Payments owed to the Taxing Agency and other affected taxing agencies ( "Taxing Agency Allegations "). H. The Taxing Agency hired a consultant to calculate the Tax Sharing Payments the Taxing Agency alleges are owed to the Taxing Agency and other affected taxing agencies; such payments are set forth on Exhibit A, attached hereto and incorporated herein, and are referred to as the "Payments." The Successor Agency has not independently verified the calculations of the M