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<br />. <br /> <br />. <br /> <br />. <br /> <br />each case as finally executed and delivered, this resolution and <br /> <br />all related documents. <br /> <br />The Agency hereby determines that the <br /> <br />Derivative Products and related documents are each designed to <br /> <br />reduce the amount or duration of payment, rate, spread, or <br /> <br />similar risk and result in a lower cost of borrowing when used in <br /> <br />combination with the issuance of the Series 1994 Bonds. <br /> <br />Section 7. The Agency hereby finds and determines that <br /> <br /> <br />the Series 1994 Bonds have been "authorized" by this Resolution, <br /> <br />within the meaning of Section 33333.6(h) of the Community <br />Redevelopment Law (Part 1 of Division 24 of the Health and Safety <br /> <br />Code of the State of California), as amended by AB 1290, the <br /> <br /> <br />Community Redevelopment Law Reform Act of 1993 (as amended, the <br /> <br />"Redevelopment Law"); and the Agency reserves and asserts the <br /> <br />right to receive property taxes pursuant to section 33670 of the <br /> <br /> <br />Redevelopment Law to pay debt service on the Series 1994 Bonds <br /> <br />through the final maturity of the Series 1994 Bonds, which, <br /> <br />pursuant to section 2 hereof, shall not be later than September 1 <br /> <br />2033. <br /> <br />LAI-60441.1 <br /> <br />9 <br /> <br />4O99G-9-WWB-12IO9/93 <br />