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Section 2. Official Statement. The draft of the Preliminary Official Statement relating to the Bonde pre- sented at this meeting is hereby approved in substantially the form presented with such non-substantive changes thereto as may be approved by the Mayor or Vice Mayor (collectively the "Mayor"), and the Mayor is hereby authorized and directed, for and in the name and on behalf of the City, to execute the Preliminary Official Statement and a Final Official Statement in substantially the form of the Preliminary Official Statement, together with such non- substantive changes thereto as may be approved by the Mayor (collectively the "Official Statement") and the distribution of such Official Statement in connection with the sale of the Bonds is hereby authorized. Section 3. Appointment of Trustee. [Securit_vPacific Nat'l Trust Co.. New York] is hereby appointed as Trustee under the Indenture (the "Trustee") for the City and the owners of the Bonds, with the duties and powers of such Trustee as are set forth in the Indenture. Section 4. Indenture. The' proposed form of the Indenture presented at this meeting by and between the City and the Trustee is hereby approved and the Mayor and the City Clerk are hereby authorized and directed, for and in the name and on behalf of the City, to execute, acknowledge and deliver to the Trustee the Indenture in substantially the form hereby approved, with such non-substantive additions or changes as the officers executing the same may approve and which may be consistent with the Purchase Contract hereinafter referred to, such approval to be conclusively evidenced by the execution and delivery thereof. Section 5. Form of Bonds. The form of the Bonds as set forth in the Indenture ae presented to this meeting is hereby approved and the Mayor and the City Clerk are hereby authorized and directed to execute by manual or facsimile signature, in the name and on behalf of the City and under its seal, such Bonds in either temporary and/or definitive form in the aggregate principal amount set forth in the Indenture and all in accordance with the terms and provisions of the Indenture. Section 6. Loan Agreement. The form of the Loan Agreement (the "Loan Agreement") as presented to this meeting by and between the City and the Developer, whereby the proceeds of the Bonds are to be loaned to the Developer (the "Developer Loan") for the purpose of financing the Project is hereby approved and the Mayor and the City Clerk are hereby authorized and directed, for and in the name of -2-