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EXHIBIT 2 <br />RESOLUTION NO: 2019 -XXX <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />APPROVING THE ISSUANCE OF TAX-EXEMPT OBLIGATIONS BY THE <br />CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY IN AN <br />AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $1,500,000 TO <br />FINANCE FACILITIES FOR THE BENEFIT OF THE ORANGEWOOD <br />FOUNDATION <br />WHEREAS, the Orangewood Foundation, a California nonprofit public benefit <br />corporation (the 'Borrower"), has requested that the California Enterprise Development <br />Authority, a joint exercise of powers agency established pursuant to the laws of the State <br />of California (the "Authority'), issue its tax-exempt obligations, from time to time pursuant <br />to a plan of finance (the "Obligations"), in an aggregate principal amount not expected to <br />exceed $1,500,000, for the benefit of the Borrower, pursuant to Chapter 5 of Division 7 of <br />Title 1 of the Government Code of the State (commencing with Section 6500) (the "Act'), <br />for the purpose of making one or more loans to the Borrower to finance the cost of <br />acquiring, constructing, installing, improving, equipping and fumishing the real property <br />and improvements located at 1575 and 1615 E. 17th Street, Santa Ana, California <br />(collectively, the "Facilities"); and <br />WHEREAS, a portion of the proceeds of the Obligations will be used to pay the costs <br />of issuance in connection with such financing and other related costs; and <br />WHEREAS, the Borrower is an organization described in Section 501(c)(3) of the <br />Internal Revenue Code of 1986 (the "Code") and will own and operate the Facilities in <br />connection with its mission of preparing foster and community youth to reach their <br />greatest potential; and <br />WHEREAS, the issuance of the Obligations must be approved by the <br />governmental unit on behalf of which the Obligations are issued and a governmental unit <br />having jurisdiction over the territorial limits in which the Facilities are located pursuant to <br />the public approval requirement of Section 147(f) of the Code; and <br />WHEREAS, the Facilities are located within the territorial limits of the City of Santa <br />Ana (the "City"), and the City Council of the City (the "City Council') is the elected <br />legislative body of the City and is the "applicable elected representative" required to <br />approve the issuance of the Obligations under Section 147(f) of the Code; and <br />WHEREAS, the issuance of the Obligations shall be subject to the approval of and <br />execution by the Authority of all financing documents relating thereto to which the <br />Authority is a party; and <br />WHEREAS, the Authority and the Borrower have requested the City Council to <br />approve the issuance of the Obligations in order to satisfy the public approval <br />requirements of Section 147(f) of the Code; and <br />75C-7 <br />