2003-002 SAFA - Laserfiche WebLink

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"Underwriter") pursuant to a bond purchase agreement (the Purchase Contract") by and among the Agency, the Authority and the Underwriter. The Agency and the Underwriter have caused an Official Statement, in preliminary form, relating to the Bonds (the "Official Statement") to be submitted to the Authority for approval for distribution to purchasers of the Bonds. The Board of Directors, with the aid of its staff, has reviewed the Purchase Contract and the preliminary Official Statement and wishes to approve and confirm the foregoing, as well as the other matters set forth below, in the public interests of, and for significant public benefits to, the Agency and the City of Santa Ana. Section 2. The proposed form of Purchase Contract on file with the Secretary of the Authority is hereby approved. The Executive Director of the Authority (who is the City Manager of the City), or his written designee, is authorized and directed, for and in the name and on behalf of the Authority, to purchase the Bonds from the Agency and to accept the offer of the Underwriter to purchase the Bonds from the Authority, subject to the terms and conditions of the Purchase Contract, and to execute and deliver the Purchase Contract to the Agency and the Underwriter; provided, however, that the purchase of Bonds shall be not less than ninety-nine percent (99%) of the par amount thereof, excluding any original issue discount on the Bonds. Section 3. The Official Statement relating to the Bonds, together with such amendments and supplements as shall be necessary or convenient to accurately describe the Bonds in accordance with the Purchase Contract, this Resolution and the other related proceedings and documents, is hereby approved for distribution to the purchasers of the Bonds. Section 4. The Chairperson, the Executive Director, the Secretary and the General Counsel of the Authority and any and all other officers of the Authority are hereby authorized and directed, for and in the name and on behalf of the Authority, to do any and all things and take any and all actions, including execution and delivery of any and all assignments, certificates, requisitions, agreements notices, consents, and other documents, which they, or any of them, may deem necessary or advisable in order to consummate the sale, issuance and delivery of the Bonds to the Underwriter pursuant to the Purchase Contract. Section 5. Effective Date. This Resolution shalrtake effect from and after the date of its passage and adoption. ADOPTED this 5th day of May, 2003. SAFA Resolution No. 2003-002 Page 2 of 3