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<br />~- <br /> <br />! <br /> <br />agreement or other documents required in connection with any <br /> <br />. <br /> <br />SHORTS/LONGS, all such documents to follow the standard forms <br /> <br /> <br />thereof with such changes therein as the Executive Director of <br /> <br />the Agency may require or approve, such approval to be <br />conclusively evidenced by the execution and delivery thereof, and <br /> <br />such other documents including but not limited to those described <br /> <br />in the Bond Purchase Agreement(s) as finally executed and <br /> <br />delivered, which they, or any of them, may deem necessary or <br /> <br />advisable in order to consummate the lawful issuance and delivery <br />of the Series 1993 Bonds in accordance with the Indenture, the <br /> <br />Bond Purchase Agreement(s), the Refunding Escrow Agreements, the <br /> <br />final official statement(s), the Derivative Product documents, in <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 />. <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 1993 Bonds. <br /> <br />section 7. <br /> <br />This Resolution shall become effective <br /> <br />immediately upon its passage. <br /> <br />PASSED AND ADOPTED this <br /> <br />2nd <br /> <br />day of August <br /> <br />,1993. <br /> <br />~~ <br /> <br />ATTEST: <br /> <br />. <br /> <br />LAI-sma.1 <br /> <br />9 <br /> <br />4O!I9O-9-WWB-07126193 <br />