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<br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />WHERE1IS, a RemarJœtin;J ~~eew...lt, dated as of January 1, 1990, by <br />and éIJII:J03' the Authority, the Association, the Developer and Bank of America, <br />National Trost and Savin;Js Association, as RemarJœtin;J Agent, (the "1989 <br />RemarJœtin;J AgJ:eement") has been delivered to the Authority for its awroval <br />thereof; <br /> <br />JUi, ~UI<t;, BE IT RESOLVED BY '!HE HaJSING AUIH:JRITY OF '!HE <br />CITY OF SANrA ANA, CALIFORNIA AS FOLI:.CH;: <br /> <br />SECl'ICN 1. SUl:Jplemental IOOenture. 'l11e Authority hereby approves <br />and authorizes the execution and delivery of the First SUpplemental Trust <br />IOOenture, in substantially the fODll on file with the Secretary of the <br />Authority together with any additions thereto or c::harY;Jes therein deemed <br />necessary or advisable by the Executive Director of the Authority (the <br />"Executive Director") pursuant to the advice of Cœnsel to the Authority. '!he <br />Chaiman or Vice Chaiman and Secretary of the Authority, or such ather <br />persons designated by the Authority are hereby authorized and directed to <br />execute and deliver to the Trustee, for and in the name of the Authority, the <br />First SUpplemental Trost IOOenture; provided, that the execution and delivery <br />of the First SUpplemental Trost IOOenture has been consented to and awroved <br />by the OWners of all of the Bonds ~ at the time of the execution and <br />delivery thereof and that and that the Developer has agreed to pay any fees <br />and expenses of the Authority, inc1udin¡ attorney's fees. <br /> <br />SECl'ICN 2. First 1Imerximent. 'l11e Authority hereby approves and <br />authorizes the delivery and execution of the First 1Imerximent, in substantially <br />the fOD1l on file with the Secretary of the Authority together with any <br />additions thereto or c::harY;Jes therein d~ necessary or advisable by the <br />Executive Director pursuant to the advice of the Cœnsel to the Authority. <br />'l11e Chaiman or vice Chaiman and the Secretary of the Authority, or such <br />ather persons designated by the Authority are hereby authorized and directed <br />to execute and deliver to the Trustee, the Association, and the Developer, for <br />and in the name of the Authority, the First 1Imerximent; provided, that the <br />execution and delivery of the First SUpplemental Trost IOOenture has been <br />consented to and awroved by the OWners of all of the Bonds outstarxling at the <br />time of the execution and delivery thereof. <br /> <br />SECl'ICN 3. Remarketioo h:Ireement. 'l11e Authority hereby approves <br />and authorizes the execution and delivery of the 1989 RemarketiIg Agreement, <br />in substantially the fOD1l on file with the Secretary of the Authority together <br />with any additions thereto or c::harY;Jes therein deemed necessary or advisable by <br />the Executive Director pursuant to advice of Cœnsel to the Authority. 'l11e <br />Chaiman or Vice Chaiman and the Secretary of the Authority, or such ather <br />person designated by the Authority, are hereby authorized and directed to <br />execute and deliver to the parties thereto, for and in the name of the <br />Authority, the 1989 RemarJœtin;J Agreement. <br /> <br />SECl'ICN 4. Official Action. 'l11e Executive Director, any and all <br />ather officials of the Authority, or such ather person designated by the <br />Authority are hereby directed, for and on behalf of the Authority, to do any <br />and all thirr:Js and take any and all actions, includin¡, without limitation, <br />the execution and delivery of any and all amen:1ments or supplements to the <br />documents executed and delivered by the Authority in connection with the <br />issuance of the Bonds, any and all assignments, certificates, agreements, <br />