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<br />. <br /> <br />. <br /> <br />. <br /> <br />." <br /> <br />.. <br /> <br />WHEREAS, the Authority has determined, pursuant to Section 34292 <br />of the Health and Safety Code of the State of California (the <br />"Housing Authorities Law") that the issuance and delivery of the <br />bonds and the execution and delivery of related documents, and the <br />adoption of this resolution is an "emergency matter" within the <br />rneaning of the Housing Authorities Law without benefit of the review <br />by or recommendations of the Redevelopment and Housing Commission. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Housing Authority of the City <br />of Santa Ana, as follows: <br /> <br />Section 1. The Authority hereby <br />above recitals are true and correct. <br /> <br />finds <br /> <br />and <br /> <br />declares <br /> <br />that <br /> <br />the <br /> <br />Section 2. Pursuant to the Act and the Indenture (hereinafter <br />defined), revenue refunding bonds of the Authority, designated as <br />"Housing Authority of the City of Santa Ana Multifamily Housing <br />Revenue Refunding Bonds (Heninger Village Senior Apartments) 1997 <br />Issue A", in an aggregate principal amount not to exceed $2,540,000 <br />(the "Bonds"), are hereby authorized to be issued. The Bonds shall <br />be executed by the manual or facsirnile signature of the Chairman and <br />attested by the manual or facsimile signature of the Secretary, in <br />the forrn set forth and otherwise in accordance with the Indenture. <br /> <br />Section 3. The indenture of trust (the "Indenture") between the <br />Authority and First Trust National Association, as trustee (the <br />"Trustee") in the form presented to this rneeting, is hereby approved. <br />The Chairman, the Executive Director, and Financial Officer of the <br />Authority (the "Designated Officers") are, and each of thern acting <br />alone is, hereby authorized and directed, for and in the narne and on <br />behalf of the Authority, to execute and deliver the Indenture, and <br />the Secretary or any Deputy Secretary is hereby authorized and <br />directed, for and in the name and on behalf of the Authority, to <br />attest the Designated Officer's signature on the Indenture, in <br />substantially said form, with such additions thereto or changes <br />therein as are recommended or approved by such officers upon <br />consultation with bond counsel to the Authority, including such <br />additions or changes as are necessary or advisable in accordance with <br />Section 8 hereof (provided that no additions or changes shall <br />authorize an aggregate principal amount of bonds in excess of <br />$2,540,000, the approval of such additions or changes to be <br />conclusively evidenced by the execution and delivery by the Authority <br />for the Indenture. The date, maturity dates, interest rate or rates, <br />interest payment dates, denominations, form, registration provisions, <br />manner of execution, place of payment, terms of redemption, and other <br />terms of the bonds shall be as provided in the Indenture as finally <br />executed. <br /> <br />Section 4. The loan agreement (the "Loan Agreement") arnong the <br />Trustee, the Authority and the borrower, in the form presented to <br />this rneeting, is hereby approved. The Designated Officers are, and <br />each of them acting alone is, hereby authorized and directed, for and <br /> <br />3ð <br />