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. 8 . . . RESOIlJI'ION 90-2 RESOIlJI'ION OF 'nIE musING AIJnDRITY OF 'nIE CITY OF SANI'A ANA APPRJVING, A1J'1HJRIZING, AND D.u<&;l'.li'lG 'nIE EXEaJ'l'ION AND DELIVERY OF A FIRST SUPPUMENI'AL 'lRJST INDENlURE, AND AMENIJoŒNT 'ro A I.OI\N ORIGINATION AND SERVICING AGREEMENI', A REMAR1ŒI'ING AGREEMENI', AND DIRECl'ING REIATED ACI'IONS IN ~ON 'IHEREWI'lH, IN o::>NJUNCI'ION WI'IH 'nIE VIUA VERDE APARIMENTS PROJECl' WHEREAS, the Housin] Authority of the city of Santa Ana (the "Issuer") has isSlted its Variable Rate Deman:i M..ùtifamily Housin] Revenue Bonds (Mercuzy Savin;Js am. Iœn Associatiorvvilla Verde Apartments Project), 1985 Series B in the ëLggl:egate principal annmt of $12,300,000 (the "Bonds") p.¡rsuant to an :rn:Ienture of Trust (lithe ":rn:Ienture"), dated as of ~hP,.. 1, 1985, frail the Issuer to seattle-First National Bank, as Trustee (the "Trustee"); am. WHEREAS, the owner of the project financed with the p~'" of the Bonds, Joe Joodan3' Jeon am. Yan:J Hae Jeon, successors to the original develcpar, (the "Develcpar") has notified Bankers Trust CCIIpany ("Bankers Trust") that p.¡rsuant to the RemarJœtin] Agreement, dated as of December 1, 1985, by am. anr;m;' the Issuer, Mercury Savin;Js am. Iœn Association (the "Association"), Bankers Trust am. the Develcpar, the Develcpar intems to replace Bankers Trust as remarJœtin] agent am. has requested that the Issuer amerxl the Irxienture am. the Iœn origination am. Servicin] AyL=1IIel1t, dated as of December 1, 1985, anr;m;' the Issuer, the Trustee, the Association am. the Develcpar (the "Iœn origination AgreEment") to provide a revised method of det:eDtIinirq the interest rate on the Bonds am. enter into a new remarJœtin] agreement in connection with the remarJœtin] of the Bonds; am. WHEREAS, section 1002 of the :rn:Ienture provides that the Irxienture may be amerxled by the execution of a SUWlemental imenture approved am. consented to by the OWners of all of the Bonds then outst.an:iin:J for the pn:pose of reducin] the interest rate on the Bonds; WHEREAS, the Issuer anticipates that the OWners of all of the Bonds 0I.rtstarDin:J will =nsent to am. approve the execution of a SUWlemental in:ienture (the "First SUpplemental Trust Irxienture") as provided in the :rn:Ienture: am. WHEREAS, section 10.6 of the Iœn origination Agreement provides for the amendment of such A.,ju.eùél1t upon the written =nsent of all of the parties thereto; am. WHEREAS, the Develcpar, the Association, am. the Trustee have consented to the execution am. delivery of the First SUpplemental Trust :rn:Ienture am. the Develcpar, the Association am. the Trustee have consented to the execution am. delivery of an amendment to the Iœn origination AgreEment (the "First Amendment"); am.