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SUCCESSOR AGENCY TO THE COMMUNITY <br />REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA <br />TAX ALLOCATION REFUNDING BONDS, <br />(MERGED PROJECT AREA), SERIES 2016A <br />Stradling Yocca Carlson & Rauth <br />Draft of 6 1I5 1I6 <br />SUCCESSOR AGENCY TO THE COMMUNITY <br />REDEVELOPMENT AGENCY <br />OF THE CITY OF SANTA ANA <br />TAX ALLOCATION REFUNDING BONDS, <br />(MERGED PROJECT AREA), SERIES 2016B <br />[FEDERALLY TAXABLE]] <br />BOND PURCHASE AGREEMENT <br />, 2016 <br />Successor Agency to the Community Redevelopment Agency of the City of Santa Ana <br />20 Civic Center Plaza <br />Santa Ana, California 92702 <br />Ladies and Gentlemen: <br />Stifel, Nicolaus & Company, Incorporated (the "Underwriter ") offers to enter into this Bond <br />Purchase Agreement (this "Purchase Agreement, ") with the Successor Agency to the Community <br />Redevelopment Agency of the City of Santa Ana (the "Agency ") which will be binding upon the <br />Agency and the Underwriter upon the acceptance hereof by the Agency. This offer is made subject <br />to its acceptance by the Agency by execution of this Purchase Agreement and its delivery to the <br />Underwriter on or before 5:00 p.m., California time, on the date hereof. All terms used herein and <br />not otherwise defined herein shall have the respective meanings given to such terms in the Indenture <br />(as such term is defined herein). <br />The Agency acknowledges and agrees that: (i) the purchase and sale of the Bonds pursuant <br />to this Purchase Agreement is an arm's length commercial transaction between the Agency and the <br />Underwriter; (ii) in connection therewith and with the discussions, undertakings and procedures <br />leading up to the consrunmation of such transaction, the Underwriter is and has been acting solely as <br />principal and not as agent, fiduciary or Municipal Advisor (as such term is defined in Section 15B of <br />The Securities Exchange Act of 1934, as amended) of the Agency; (iii) the Underwriter has not <br />assumed an advisory or fiduciary responsibility in favor of the Agency with respect to the offering <br />contemplated hereby or the discussions, undertakings and procedures leading thereto (irrespective of <br />whether the Underwriter has provided other services or is currently providing other services to the <br />Agency on other matters); (iv) the Underwriter has financial interests that may differ from and be <br />adverse to those of the Agency; and (v) the Agency has consulted with its own legal and financial <br />advisors to the extent that it has deemed appropriate, <br />I, Purchase and Sale. Upon the terms and conditions and upon the basis of the <br />representations, warranties and agreements hereinafter set forth, the Underwriter hereby agrees to <br />purchase from the Agency for offering to the public, and the Agency hereby agrees to sell to the <br />Underwriter for such purpose, all (but not less than all) of the: (i) $ aggregate principal <br />amount of the Agency's Tax Allocation Refunding Bonds (Merged Project Area), Series 2016A (the <br />"Series A Bonds "), at a purchase price equal to $ (being the aggregate principal amount <br />EXHIBIT 3 <br />3 -93 <br />