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<br />8
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<br />the Executive Director and attested by the manual or facsimile signature of the Secretary, in
<br />the form set forth in and otherwise in accordance with the Indenture.
<br />
<br />Section 3, The documents listed below relating to the Bonds, in the respective
<br />forms on file with the Secretary, are hereby approved:
<br />
<br />A. Trust Indenture (the "Indenture") between the Authority and Wells
<br />Fargo Bank, National Association (the "Trustee");
<br />
<br />B,
<br />Developer;
<br />
<br />Financing Agreement among the Authority, the Trustee and the
<br />
<br />C, Indenture of Trust (the "Indenture of Trust") between the Issuer
<br />and the Trustee;
<br />
<br />D, Loan Agreement (the "Loan Agreement") among the Authority, .
<br />the Trustee and the Developer;
<br />
<br />E. Regulatory Agreement and Declaration of Restrictive Covenants,
<br />among the Authority, the Trustee and the Developer; and
<br />
<br />F, Bond Purchase Agreement (the "Purchase Contract"), among the
<br />Authority, the Developer and Fannie Mae,
<br />
<br />The Chairman, the Executive Director, the Assistant Executive Director and the Finance
<br />Officer of the Authority (the "Designated Officers") are, and each of them acting alone is,
<br />hereby authorized and directed, for and in the name and on behalf of the Authority, to execute
<br />and deliver each of the above-listed documents, and the Secretary is hereby authorized and
<br />directed, for and in the name and on behalf of the Authority, to attest the Designated Officer's
<br />signature on the documents which provide for such attestation, in said forms, together with
<br />such additions thereto or changes therein as are recommended or approved by the Executive
<br />Director upon consultation with bond counsel to the Authority and the City Attomey's' office,
<br />including such additions or changes as are necessary or advisable in accorda:1ce with Section
<br />7 hereof (provided that no additions or changes shall authorize an aggregate principal amount
<br />of Bonds in excess of $4,500,000 aggregate principal amount of the Bonds), the approval of
<br />such additions or changes to any of such documents to be conclusively evidenced by the
<br />execution and delivery by the Authority of the respective document. The date, maturity dates,
<br />interest rate or rates, interest payment dates, denominations, form, registration privileges,
<br />manner of execution, place of payment, terms of redemption and other terms of the Bonds
<br />shall be as provided in the Indenture as finally executed.
<br />
<br />Section 4, The Bonds, when executed, shall be delivered to the Trustee for
<br />authentication. The Trustee is hereby requested and directed to authenticate the Bonds by
<br />executing the Trustee's certificate of authentication and registration appearing thereon, and to
<br />deliver the Series A Bonds and the Series A-T Bonds, when duly executed and authenticated,
<br />to Fannie Mae, and the Series A-ST Bonds, when duly executed and authenticated, to the
<br />Redevelopment Agency of the City of Santa Ana, as applicable, in accordance with written
<br />instructions executed on behalf of the Authority by one of the Designated Officers, which
<br />instructions such officers are, and each of them is, hereby authorized and directed, for and in
<br />the name and on behalf of the Authority, to execute and deliver to the Trustee, Such
<br />instructions shall provide for the delivery of the Series A Bonds and the Series A- T Bonds to
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