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<br />. <br /> <br />. <br /> <br />. <br /> <br />.. <br /> <br />WHEREAS, the Agency proposes to enter into an Indenture <br />with a bank or trust company named therein as trustee (the <br /> <br />"Trustee"), for the issuance of the Series 1993 Bonds; and <br /> <br />WHEREAS, the Agency proposes to enter into (i) a <br /> <br />Refunding Escrow Agreement with Dai-Ichi Kangyo Bank of <br />California, as escrow agent (the "1989 Escrow Agent"), for the <br /> <br />purpose of defeasing the 1989 Refunded Bonds and (ii) a Refunding <br /> <br />Escrow Agreement with Bank of America National Trust and Savings <br />Association, as escrow agent (the "1986 Escrow Agent"), for the <br /> <br />purpose of defeasing the 1986 Refunded Bonds; and <br /> <br />WHEREAS, a form of Bond Purchase Agreement, a form of <br />Indenture, and forms of Refunding Escrow Agreements have been <br /> <br />submitted to the Secretary of the Agency; and <br /> <br /> <br />WHEREAS, there has been submitted to the Secretary of <br /> <br />the Agency a form of preliminary official statement describing <br /> <br />the Series 1993 Bonds; and <br /> <br />WHEREAS, there has been submitted to the Secretary of <br /> <br />the Agency information and materials (including certain form <br /> <br /> <br />documents) regarding various financing options available to the <br /> <br />Agency regarding the Series 1993 Bonds, including SHORTS/LONGS, <br /> <br />(referred to as "Derivative Products"); <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Community <br /> <br /> <br />Redevelopment Agency of the City of Santa Ana as follows: <br /> <br />section 1. <br /> <br />The issuance and sale of the Series 1993 <br /> <br />Bonds, for the purposes of (1) refunding the Refunded Bonds; (2) <br /> <br /> <br />financing certain redevelopment project and (3) financing certain <br /> <br />LAI,52228.1 <br /> <br />3 <br /> <br />40990-9-WWB-œI26/93 <br />