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Quint&ThimmigLLP 10/24/97 11/13/97 11/20/97 SANTA AiWA FINANCING AUTHORITY RESOLUTION NO. 9 7-0 01SAFA RESOLUTION APPROVING, AU'I~ORIZING AND DIRECTING PREPARATIO~I AND EXECUTION OF CERTAIN LEASE FINANCING · DOGUM~S'AND AUTHOI~7.~NG AND DIRECTING CERTAIN .~' ~,~w'~ ~ ACTION~ WITH RESPECT THERETO RESOLVED, by the Board ob~)irectors (the "Board") of the Santa Ana Financing Authority (the "Authority"), as follows:~ WHEREAS, the City of Santa Aha (the "City"), working together with the Authority, is proposing to proceed with a lease finandng; WHEREAS, in connection therewith, the City proposes to finance the costs of the construction, installation and equipping of certain capital improvements within the geographic boundaries of the City and it is in the public interest and for the public benefif that the Authority authorize and direct execution of the Lease Agreement and certain other financing documents in connection therewith; WHEREAS, the documents below specified shall be filed 'with the Authority and the members of the Board, with the aid of its staff,.shall review said documents; NOW, THEREFORE, it is hereby ORDERED and DETERMINED, as follows: Section 1. The below-enumerated documents, substantially in the forms on file with the Secretary, be and are hereby approved, and the Chairman, the Executive Director or the Treasurer is hereby authorized and directed to execute said documents, with such changes, insertions and omissions as may be approved by such official and the Secretary is hereby authorized and directed to attest to such official's signature: (a) a site and facility lease, between the City, as lessor, and the Authority, as lessee; (b) a lease agreement, between the Authority, as lessor, and the City, as lessee (the "Lease Agreement"); (c) an assignment agreement, by and between the Authority and Harris Trust Company of California, as trustee (the "Trustee"), pursuant to which the Authority will assign certain of its rights under the Lease Agreement, including its right to receive lease payments thereunder, to the Trustee; and (d) a trust agreement, by and among the Authority, the City and the Trustee, relating to the financing and the execution and delivery of certificates of participation evidencing the direct, undivided fractional interests of the oWners thereof in lease payments to be made by the City under the Lease Agreement. Section 2. The Chairman, the Executive Director, the Treasurer, the Secretary and other officials of the Authority are hereby authorized and directed to execute such other agreements, .19014.02