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if <br /> (9r:,9:h4r4je)I ROBERT F. DRIVER ASSOCIATES • COMPLETE INSURANCE BOND SERVICE • <br /> a Division of Robert F.Driver Co.,Inc. <br /> ASSOCIATES <br /> July 31, 1996 <br /> Countywide Public Financing Authority <br /> do City of Santa Ana <br /> 20 Civic Center Plaza <br /> Santa Ana, California 92701 <br /> Stone& Youngberg LLC <br /> 4350 La Jolla Village Drive, Suite 840 <br /> San Diego, California 92122 <br /> MBIA Insurance Corporation <br /> 113 King Street <br /> New York,New York 10504 <br /> U.S. Trust Company of California,N.A. <br /> 515 South Flower Street, Suite 2700 <br /> Los Angeles, California 90071 <br /> RE: $27.725.000 Countywide Public Financing Authority 1996 Revenue Bonds <br /> Ladies and Gentlemen: <br /> We act as the insurance agent for the City of Brea(the "City"), and as such, are familiar with the <br /> City's insurance coverage for public liability and property damage insurance, fire and extended <br /> coverage insurance, and rental interruption insurance covering the Leased Premises as defined <br /> and described in that certain Lease Agreement, dated as of July 1, 1996 (the"Lease Agreement"), <br /> by and between the Countywide Public Financing Authority and the City, which includes <br /> coverage with: <br /> A. Property Insurance <br /> Allendale Mutual Insurance Company <br /> B. Liability Insurance <br /> self insured via pooling through Joint Powers Authority <br /> Insurance Company of the State of Pennsylvania <br /> 4041 MACARTHUR BLVD.,SUITE 300,P.O.BOX 6450,NEWPORT BEACH, CALIFORNIA 92658-6450 <br /> (714) 756-0271 • FAX(714) 756-2713 • LIC.#0084379 <br />