Certificate Regarding Reasonableness and Accuracy of Certificate as to Arbitrage-City of Brea

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13128-01 JHHW:BDQ:JHE 7/24/96 $27,725,000 COUNTYWIDE PUBLIC FINANCING AUTHORITY 1996 REVENUE BONDS CERTIFICATE REGARDING REASONABLENESS AND ACCURACY OF CERTIFICATE AS TO ARBITRAGE—CITY OF BREA The undersigned does hereby state and certify as follows: (i) that the undersigned is the Financial Services Director of the City of Brea, a municipal corporation and general law city organized under the laws of the State of California (the "City"), is authorized to execute this certificate on behalf of the City and is knowledgeable with respect to the matters set forth herein; (ii) that I have read the document entitled "$27,725,000 Countywide Public Financing Authority 1996 Revenue Bonds Certificate as to Arbitrage" (the "Arbitrage Certificate") and each and every portion thereof relating directly or indirectly to that certain Lease Agreement, dated as of July 1, 1996, by and between the Countywide Public Financing Authority (the "Authority"), as lessor, and the City, as lessee (the "Lease Agreement"), and to the portion of the $27,725,000 Countywide Public Financing Authority 1996 Revenue Bonds (the "Bonds") which are allocable to the City (the "City's Portion of the Bonds"); (ii) that the facts set forth in the Arbitrage Certificate relating to the City, the Lease Agreement and the City's Portion of the Bonds (including the amount and use of gross proceeds and repayment of the City's Portion of the Bonds) are accurate and, to the best of my knowledge, information and belief, the expectations expressed in the Arbitrage Certificate relating to the City,the Lease Agreement and the City's Portion of the Bonds are reasonable; (iii) that to the best of my knowledge, information and belief, there are no facts or estimates, other than those expressed in the Arbitrage Certificate that would materially affect the facts and expectations set forth in the Arbitrage Certificate relating to the City, the Lease Agreement and the City's Portion of the Bonds; and (iv) that the undersigned is aware that Jones Hall Hill & White, A Professional Law Corporation,is rendering an opinion substantially to the effect that the interest on the Bonds is excluded from gross income for federal income tax purposes and in rendering such opinion is relying upon the statements made herein. IN WITNESS WHEREOF,I have hereunto set my name this 31st day of July, 1996. BC !It CtGeeA_/e- Lawrence D. Hurst Financial Services Director