Certificate Regarding Use of Proceeds-City of Brea

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13128-01 JHRW:BDQ:JHE 7/19/96 $27,725,000 COUNTYWIDE PUBLIC FINANCING AUTHORITY — -- 1996-REVENUE BONDS_ -. .____—_— CERTIFICATE REGARDING USE OF PROCEEDS—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, pursuant to an Indenture of Trust, dated as of July 1, 1996 (the "Indenture"), by and between U.S. Trust Company of California, N.A., as trustee (the "Trustee"), and the Countywide Public Financing Authority (the "Authority"), the Authority is issuing on the date hereof its Countywide Public Financing Authority 1996 Revenue Bonds in the aggregate principal amount of$27,725,000 (the "Bonds"); (iii) that, of the proceeds of the Bonds received by the Trustee on the date hereof, the Trustee will, pursuant to the Indenture, deposit $1,000,000.00 into the Brea Project Account of the Project Fund, to be used to finance a certain project of the City (the "Project"), which Project, and the economic life of which Project and the contracts and dates of completion for which Project,are more particularly described in Part I of Exhibit A hereto attached and by this reference herein incorporated; (iv) that Part II of Exhibit A hereto attached describes (A) each use to be made by any person of the Project, other than use by the City and other non-federal governmental units and other than use by members of the public generally, and (B) payments (if any) directly or indirectly in respect of such use which are to be made after the date hereof; (v) that no portion of the proceeds of the Bonds deposited in the Brea Project Account will be used, directly or indirectly, to make or finance a loan to any person (other than a state or local government unit) or to acquire property which will be sold to any person (other than a state or local governmental unit) on an installment sale basis except as referenced in Part II of Exhibit A; (vi) that, except as otherwise referenced in Exhibit A, the City expects to use the Project for the governmental purposes referenced in Exhibit A or for other governmental purposes of the City during the entire term of the Bonds allocable to the City; (vii) that the above statements are made on the basis of the facts, estimates and circumstances in existence on the date hereof and that the undersigned has exercised due diligence to assure that all material facts, estimates and circumstances relating to the above statements were made available to the undersigned and reviewed by the undersigned; (viii) that to the best knowledge of the undersigned the above statements are reasonable and there are no other facts, estimates or circumstances, other than those set forth herein, that would materially affect the statements made herein;and