1986-12 HA - Laserfiche WebLink

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. . . . . the Act, and by all other laws of the state of California, to exist, to have happened and to have Wen perfoned precedent to and in connection with the issuance of the aforesaid revenue bonds exist, have happened, and have ~een performed in regular and due time, form and manner.. .s.required by law, and the Authority is now duly authorized an4..powered, pursuant to each and every requirement of law, to i..ue sucb revenue bonds for the purpose, in the manner and upon the terms herein provided; and WHEREAS, said revenue bonds are to be issued pursuant to an Indenture of Trust (the "Inde~re") in the form presented to this .eeting by and between t;b,e Authority and the truatee named.in the Indenture (the "TrUstee") in an aggreqate principal amOunt not to exceed $8,400,000 andere to be designated as the "Houing Authority of the city « Santa Ana Variable Rate Demand Multifamily Housing Revenue BonGs, 1986 Series A (Vintage Apartments Project)" (the "Bonds"); NOW, THEREFORE, BE IT RESOLVED, DETERMINED AND ORDERED BY THE HOUSING AUTHORITY OF THE CITY OF SANTA ANA AS FOLLOWS: Section 1. Recitals. of them, are true and correct. The above recitals, and each section 2. Regulatory Agr8eaent. The proposed form of the Regulatory Agreement among the Authority, the Trustee (as hereinafter defined) and the Developer (the "Regulatory Agreement") presented at this meeting is hereby approved and the Chairman or Vice Chairman of the Housing Authority and the Secretary of the Housing Authority or the Housing Manager of the Authority (the "Chairman or Vice Chairman," the Secretary" and the "Manager", respectively) are hereby authorized and directed, for and in the name of the Authority to execute the Regulatory Agre...nt in substantially the foea hereby approved, with such non-8ubstantive changes therein as the officer or officers executing the same may approve, such approval to be conclusively evidenced by the execution and delivery thereof and are further authorized and directed to cause said Regulatory Agre..ent to be recorded in the official records of orange County. Section 3. Official 8ta1:eaent. The draft of the Preliminary Official Statement relating to the Bonds presented at this meeting is hereby approved in substantially the form presented with such non-substantive changes thereto as .ay be approved by the Chairman, Vice Chairman, the Secretary or Housing Manager is hereby authorized and directed, for and in the name and on behalf of the Authority to execute the Preliminary Official Stat..ent and e Final Official statement in substantially the form of the Prel1ainary Official Statement, together with such non-substantive changes thereto as may ~e approved by the Chairman or Vice Chairllan (collectively the "Official statement"), and the distribution of such Official statement in connection with the sale of the Bonds is hereby authorized. Section 4. Appoint8ent of Trustee. Seattle First National Bank is hereby appointed as Trustee under the Indenture