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CITY OF SANTA ANA RESOLUTION NO.89-096 A RESOLUTION APPROVING, AUTHORIZING AND DIRECTING EXECUTION OF AN INSTRUMENT OF RESIGNATION, APPOINTMENT AND ACCEPTANCE RELATING TO THE TRUSTEE FOR THE CITY'S $6,500,000 INDUSTRIAL DEVELOPMENT REVENUE BONUS, SERIES 1985 (URBATEC PROJECT) AND AUTHORIZING AND DIRECTING CERTAIN ACTIONS WITH RESPECT THERETO RESOLVED, by the City Council of the City of Santa Ana (the "City"): WHEREAS, the City has heretofore issued its $6,500,000 industrial Development Revenue Bonds, Series 1985 (Urbatec Project), pursuant to that certain Trust Indenture, dated as of November 1, 1985 (the "Indenture"), between the City and Trust Services of America, Inc., as trustee (the "Trustee"); WHEREAS, the Trustee has informed the City of its desire to resign as trustee under and in accordance with the provisions of the indenture and the City is willing to assent to such resignation; WHEREAS, the City wishes to appoint Manufacturers Hanover Trust Company as successor trustee (the "Successor Trustee"), and the Successor Trustee is willing to accept such appointment; WHEREAS, it is in the public interest and for the public benefit that the City authorize the direct execution of the instrument of resignation, appointment and acceptance among the City, the Trustee and the Successor Trustee (the "Instrument") in connection with such resignation and appointment; NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows: Section 1. The instrument, in the form on deposit with the City Clerk, be and is hereby approved, and the Mayor, the City Manager or the Finance Director is hereby authorized and directed to execute said document, with such changes, insertions and omissions as may be approved by such official, and the City Clerk is hereby authorized and directed to attest to such official's signature thereon.