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Item 10
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Vol. 1- City of Santa Ana Financing Authority (Police Admin. and Holding Facility)
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Item 10
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(1) The purpose for which such Additional Bonds are to be issued; <br /> (2) The authorized principal amount and designation of such Additional Bonds; <br /> (3) The dated date and the maturity dates of, and the sinking fund payment dates, if any, <br /> for such Additional Bonds; provided that (i) each maturity date shall fall upon July 1, (ii) the <br /> final maturity date shall not exceed the remaining useful life of the leased property, (iii) all <br /> such Additional Bonds of like maturity shall be identical in all respects, except as to number <br /> and denomination and (iv) serial maturities for Serial Bonds or sinking fund payments for Term <br /> Bonds, or any combination thereof, shall be established to provide for the retirement of such <br /> Additional Bonds on or before their respective maturity dates; <br /> (4) The interest payment dates for such Additional Bonds, which shall be Interest Payment <br /> Dates; <br /> (5) That such Additional Bonds shall be issued only in Authorized Denominations; <br /> (6) The redemption premiums, if any, and the redemption terms, if any, for such <br /> Additional Bonds; <br /> (7) The amount, if any, to be deposited from the proceeds of sale of such Additional <br /> Bonds in the Interest Account established pursuant to the Indenture; <br /> (8) The amount, if any, to be deposited from the proceeds of sale of such Additional <br /> Bonds in the Acquisition Fund established pursuant to the Indenture; <br /> (9) The amount to be deposited from the proceeds of sale of such Additional Bonds in the <br /> Reserve Account established pursuant to the Indenture, which amount shall be sufficient to <br /> cause the amount on deposit in the Reserve Account to equal the Reserve Requirement upon <br /> the issuance of such Additional Bonds; <br /> (10) The forms of such Additional Bonds; and <br /> (11) Such other provisions as are necessary or appropriate and not inconsistent with the <br /> Indenture. <br /> (c) The Lease shall have been amended so as to increase the Base Rental payable by the City <br /> thereunder by an amount at least sufficient to pay the interest on and principal of such Additional Bonds <br /> as the same become due. <br /> (d) Evidence that the Authority has received the written consent of the Bond Insurer, to any <br /> such issuance of Additional Bonds, provided that with respect to Additional Bonds issued for the <br /> purpose of(i) completion of the Project, such consent shall not be unreasonably withheld, and <br /> (ii) refunding Outstanding Bonds for debt service savings, no consent of the Bond Insurer shall be <br /> required. <br /> The Indenture does not limit the issuance of any lease revenue bonds of the Authority payable from the <br /> Revenues and secured by a pledge of the Revenues if, after the issuance and delivery of such lease revenue <br /> bonds, none of the Bonds theretofore issued under the Indenture will be Outstanding. <br /> The Authority may, at any time, execute Additional Bonds for issuance under the Indenture and deliver <br /> them to Trustee, and thereupon such Additional Bonds shall be authenticated and delivered by the Trustee to the <br /> A-11 <br />
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