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Part 2
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Vol. 2- City of Santa Ana Financing Authority (Police Administration and Holding Facility)
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Part 2
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Exhibit A <br /> CERTIFICATE OF THE UNDERWRITERS <br /> Relating to the $107,399,438.50 <br /> Santa Ana Financing Authority <br /> Police Administration and Holding Facility Lease Revenue Bonds, <br /> Series 1994A <br /> Smith Barney Shearson, Inc., Prudential Securities Incorporated, and Rauscher <br /> Pierce Refsnes Inc. (the "Underwriters") has acted as underwriters to the City of Santa Ana <br /> (the "City") and the Santa Ana Financing Authority (the "Authority") in connection with the <br /> execution and delivery of the captioned bonds (the "1994 Bonds") and hereby certify and <br /> represent the following: <br /> /. Tax Certificate and Agreement. <br /> We have read the Tax Certificate and Agreement (the "Tax Certificate") to <br /> which this Exhibit A is attached and confirm the statements therein relating to the <br /> 1994 Bonds, the reoffering prices of the 1994 Bonds, and the Reserve Account. <br /> //. Issue Price. <br /> A. As of March 8, 1994 (the "Sale Date"),the Underwriters had offered or <br /> reasonably expected to offer all of the 1994 Bonds to the general public (excluding bond <br /> houses, brokers, or similar persons acting in the capacity of underwriter or wholesalers) in a <br /> bona fide public offering at the prices or yields shown on Schedule I attached hereto. <br /> B. The prices shown on Schedule I attached hereto represent fair market <br /> price of the 1994 Bonds as of the Sale Date. <br /> C. As of the date of this certificate, at least 10 percent of each maturity of <br /> the 1994 Bonds actually has been sold to the general public at the prices shown on Schedule I <br /> attached hereto. <br /> ///. Weighted Average Maturity. <br /> The weighted average maturity of the 1994 Bonds is 22.312 years. <br /> IV. Qualified Guarantee. <br /> As of the date the Guarantee (as defined in Section 1.3 of the Tax Certificate) was <br /> obtained, the present value of the fee for the Guarantee is less than the present value of the <br /> expected interest savings on the Obligation as a result of the Guarantee. <br /> LA1-89477.4 A-1 <br />
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