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bk:4/29/03 <br /> <br />RESOLUTION NO. 2003-06 <br /> <br />RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA AUTHORIZING ISSUANCE OF ITS SANTA <br />ANA SOUTH MAIN STREET REDEVELOPMENT PROJECT TAX <br />ALLOCATION REFUNDING BONDS, SERIES 2003B, APPROVING AND <br />AUTHORIZING AND DIRECTING EXECUTION OF SECOND <br />SUPPLEMENT TO INDENTURE OF TRUST RELATING THERETO, <br />INCREASING AUTHORIZED PRINCIPAL AMOUNT OF ITS SANTA ANA <br />SOUTH MAIN STREET REDEVELOPMENT PROJECT TAX <br />ALLOCATION BONDS, SERIES 2003A, AUTHORIZING SALE OF <br />BONDS, APPROVING OFFICIAL STATEMENT AND PROVIDING <br />OTHER MATTERS PROPERLY RELATING THERETO <br /> <br /> BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COMMUNITY <br />REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA AS FOLLOWS: <br /> <br /> Section 1. The Board of Directors of the Community Redevelopment Agency <br />of the City of Santa Ana hereby finds, determines and declares as follows: <br /> <br /> A. The Community Redevelopment Agency of the City of Santa Ana (the <br />"Agency") is a redevelopment agency, and public body, corporate and politic, duly <br />established and authorized to transact business and exercise powers under and <br />pursuant to the provisions of the Community Redevelopment Law of the State of <br />California, constituting Part 1 of Division 24 of the Health and Safety Code of the State <br />(the "Law"), including the power to issue bonds for any of its corporate purposes. <br /> <br /> B. A Redevelopment Plan for the redevelopment project, designated "Santa <br />Ana South Main Street Redevelopment Project", in the City of Santa Ana, California <br />(the "Redevelopment Project"), has been adopted in compliance with all requirements <br />of the Law. <br /> <br /> C. To finance and refinance redevelopment activities with respect to the <br />Project Area, the Agency issued its $44,650,000 aggregate principal amount of Santa <br />Ana South Main Street Redevelopment Project Tax Allocation Bonds, Series 1993D <br />(the "Series 1993D Bonds") pursuant to an Indenture, dated as of August 1, 1993, by <br />and between the Agency and Dai-Ichi Kangyo Bank of California (the "1993 Indenture"). <br /> <br /> D. The Agency to finance certain additional redevelopment activities (within <br />the meaning of Section 33678 of the Law) with respect to the Project Area the Agency <br />authorized the issuance pursuant to Resolution No. 2003-01, adopted January 6, 2003, <br />of not to exceed $25,000,000 aggregate principal amount of Santa Ana South Main <br />Street Redevelopment Project Tax Allocation Bonds, Series 2003A (the "Series 2003A <br /> <br /> <br />