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MAYOR <br /> Daniel H.Young etarh ALL-AMERICA CITY 1982-83 <br /> MAYOR PRO TEM <br /> Miguel A.Pulido CITY MANAGER <br /> 'JNCILMEMBERS education ISM David N. Ream <br /> homas E.Lutz CITY ATTORNEY <br /> Patricia A.McGuigan Edward J.Cooper <br /> Lisa Mills CITY OF SANTA ANA CLERK OF THE COUNCIL <br /> Ted R Moreno <br /> Janice C.Guy <br /> Robert L.Richardson <br /> 20 CIVIC CENTER PLAZA • P.O.BOX 1988 <br /> SANTA ANA,CALIFORNIA 92702 <br /> March 23 , 1994 <br /> Smith Barney Shearson Inc. , <br /> as representative <br /> 333 South Grand Avenue <br /> Fifty-first Floor <br /> Los Angeles, California 90071 <br /> Orrick, Herrington & Sutcliffe <br /> 777 South Figueroa Street, Suite 3200 <br /> Los Angeles, California 90017 <br /> Re: Santa Ana Financing Authority Police <br /> Administration and Holding Facility <br /> Lease Revenue Bonds, Series 1994A <br /> Ladies and Gentlemen: <br /> We have acted as counsel to the Santa Ana Financing <br /> Authority (the "Authority") pursuant to an Indenture (the <br /> "Indenture") by and between the Authority and Meridian Trust <br /> Company of California, as trustee, and Resolution No. 94-001 SAFA <br /> adopted by the Authority on February 22 , 1994 (the "Authority <br /> Resolution") , in connection with the sale by the Authority of <br /> $107 , 399, 438 .50 aggregate principal amount of the above-mentioned <br /> bonds (the "Bonds") . In that connection, we have examined the <br /> record of proceedings submitted to us relative to the issuance of <br /> the Bonds and such other documents as are in our opinion necessary <br /> to enable us to express an informed opinion with respect to the <br /> following matters. Unless otherwise indicated, capitalized terms <br /> used herein have the respective meanings given to such terms in the <br /> Purchase Contract, dated March 8, 1994 (the "Purchase Contract") , <br /> by and among the Authority, the City, and Smith Barney Shearson <br /> Inc. , as representative of the underwriters. <br /> We are of the opinion that: <br /> (i) The Authority is a joint exercise of powers <br /> agency duly organized and validly existing under the <br /> constitution and the laws of the State with full right, power <br /> and authority to execute, deliver and perform its obligations <br /> CITY ATTORNEY - (714) 647-5201 FAX NO. (714) 647-6515 C S-679 <br />