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RESOLUTION 94-001 SAFA <br /> Page 5 <br /> any and all documents to the requirements of the Purchase <br /> Contract, to the requirements of the municipal bond insurer or <br /> insurers, if any, and to the description of the Bonds set forth <br /> in the Official Statement; the execution and delivery of an <br /> auction agent agreement, market agent agreement, broker/dealer <br /> agreement or other documents required in connection with any <br /> AIRS, all such documents to follow the standard forms thereof <br /> with such changes therein as any of the Officers may require or <br /> approve, such approval to be conclusively evidenced by the <br /> execution and delivery thereof, and such other documents <br /> including but not limited to those described in the Purchase <br /> Contract as finally executed and delivered, which they, or any of <br /> them, may deem necessary or advisable in order to consummate the <br /> lawful issuance and delivery of the Bonds in accordance with the <br /> Indenture, the Purchase Contract, the Official Statement, the <br /> Derivative Product documents, in each case as finally executed <br /> and delivered, this resolution and all related documents. The <br /> Authority hereby determines that the Derivative Products and <br /> related documents are each designed to reduce the amount or <br /> duration of payment, rate, spread, or similar risk and result in <br /> a lower cost of borrowing when used in combination with the <br /> issuance of the Bonds. <br /> Section 11. This Resolution shall take effect from and <br /> after its date of adoption. <br /> PASSED AND ADOPTED this 22m.d day of February 1994 . <br /> Da ' 1 H. Young Chair an <br /> City of Santa Ana <br /> Jan . Gu , Secretary <br /> Ci 7 of Santa Ana <br /> APPROVED AS TO FORM: <br /> Edward o er <br /> Authority Counsel <br /> BOARD MEMBERS : <br /> Young Aye <br /> Lutz Aye <br /> McGuigan Aye <br /> Mills Aye <br /> Moreno Aye <br /> Pulido Aye <br /> Richardson Absent <br /> IAI-63375.1 5 40990-9-W\B-02/03/94 <br />