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RESOLUTION 94-001 SAFA <br />Page 5 <br /> <br />any and all documents to the requirements of the Purchase <br />Contract, to the requirements of the municipal bond insurer or <br />insurers, if any, and to the description of the Bonds set forth <br />in the official Statement; the execution and delivery of an <br />auction agent agreement, market agent agreement, broker/dealer <br />agreement or other documents required in connection with any <br />AIRS, all such documents to follow the standard forms thereof <br />with such changes therein as any of the Officers may require or <br />approve, such approval to be conclusively evidenced by the <br />execution and delivery thereof, and such other doouments <br />including but not limited to those described in the Purchase <br />Contract as finally executed and delivered, which they, or any of <br />them, may deem necessary or advisable in order to consummate the <br />lawful issuance and delivery of the Bonds in accordance with the <br />Indenture, the Purchase Contract, the official Statement, the <br />Derivative Product documents, in each case as finally executed <br />and delivered, this resolution and all related documents. The <br />Authority hereby determines that the Derivative Products and <br />related documents are each designed to reduce the amount or <br />duration of payment, rate, spread, or similar risk and result in <br />a lower cost of borrowing when used in combination with the <br />issuance of the Bonds. <br /> <br /> Section 11. This Resolution shall take effect from and <br />after its date of adoption. <br /> <br />PASSED AND ADOPTED this ~nd day of February 1994. <br /> <br /> j ' ~ <br />~Ci~ of Santa Ana <br /> <br />APPROVED AS TO FORM: <br /> <br />BOARD MEHBERS: <br /> <br />Young Aye <br />Lutz Aye <br />McGuigan Aye <br />Mills Aye <br />Moreno Aye <br />Pulido Aye <br />Richardson Absent <br /> <br /> <br />