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. . . . . Regulatory Agreement, ani (d) receipt by the AuthoritY of all current fees CMin;J by the OWner to the AuthoritY umer ani in connection with the Regulatory h,¡L':.::IIIE!I/t ani the Developer !Dan TW1III<>1'1ts ani its fees for its legal COln1Sel, stradliIq, Yocca, Carlson ani Rauth, ~ the AuthoritY as further described in Section 4 hereof. SECTICN 2. '!he ~ion 1Igreement, in the form on file with the Executive Director, is hereby a¡:praved. '!he Executive Director is hereby authorized ani directed to execute ani deliver the ~ion Agreement, for ani in the name ani on behalf of the AuthoritY, in such form or with such chan;1es thereto as the Executive Director shall approve, the execution ani delivery of the Assumption 1Igreement by the Executive Director to be conclusive evidence of his approval of any such chan;Jes. SECTICN 3. The AuthoritY hereby designates ani authorizes the Executive Director of the AuthoritY or his designee to take all actions ani to execute any certificates or other d"CI"""'TTts in connection with the fulfillment of the AuthoritY's obligations umer the Developer !Dan Th-oI"""'TTts, the Regulatory Agreement or other documents executed in connection with the BoOOs. SECI'ICN 4. StradliIq, Yocca, Carlson ani Rauth is hereby appointed to act as COln1Sel to the AuthoritY ani Trustee in connection with the transfer of the Project ani is requested to deliver the opinion required by Section 11 of the Regulatory Agreement to be delivered by such COln1Sel, upon the satisfaction of all corrlitions to the issuance of such opinion set forth herein ani in the Regulatory Agreement. SECTICN 5. 'Ibis Resolution shall take effect illlmAdiately upon its adoption. AOOPl'ED this 2nd. day of July , 1990 by the fo11owiIq vote: AYES: 7 MEMBERS: Young, Acosta, Griset, May McGuigan, Norton, Pulido NOES: 0 MEMBERS: ABSENT: 0 MEMBERS: $.-¿:MLd' -r- APPR:JVED AS 'ro FORM: