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Markman, Arczynski, Hanson, Curley & Slough <br /> A Professional Corporation <br /> Attorneys At Law <br /> James L.Markman <br /> Andrew V.Arczynski Number One Civic Center Circle 9113 Foothill Boulevard <br /> Ralph D.Hanson P.O.Box 1059 Suite 200 <br /> William P.Curley,III Brea,California 92822-1059 Rancho Cucamonga,California 91730 <br /> Marsha G.Slough (714)990-0901 * (310)691-3811 (909)980-2742 * (909)381-0218 <br /> D.Craig Fox <br /> Pamela P.King Fax:(714)990-6230 Fax:(909)948-9411 <br /> Heriberto F.Diaz <br /> Daren E.Hengesbach <br /> Boyd L.Hill <br /> July 26, 1996 <br /> Stone& Youngberg LLC <br /> San Diego, California <br /> MBIA Insurance Corporation <br /> Armonk,New York <br /> Re: Countywide Public Financing Authority 1996 Revenue Bonds <br /> Ladies and Gentlemen: <br /> We have acted as City Attorney for the City of Brea(the "City"), which <br /> City is a member of the Countywide Public Financing Authority (the "Authority"), in <br /> connection with the issuance by the Authority of the Countywide Public Financing <br /> Authority 1996 Revenue Bonds. This opinion is provided pursuant to Section 8(d) of that <br /> certain Bond Purchase Agreement, dated July 16, 1996 (the "Purchase Contract"),by and <br /> between the Authority and Stone& Youngberg LLC, as underwriter. Capitalized terms <br /> used herein and not otherwise defined shall have the meanings ascribed to them in the <br /> Purchase Contract. <br /> 1. The City is duly organized and validly existing as a general law <br /> city and municipal corporation of the State of California(the "State"). <br /> 2. The representations of the City set forth in (i) the Letter of <br /> Representation, (ii)the Site Lease and (iii)the Lease Agreement are, as to all matters of <br /> law,true and accurate in all material respects on and as of the date hereof as though made <br /> on such date. The Letter of Representation, Site Lease and the Lease Agreement are <br /> referred to herein as the "City Documents." <br />