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<br />----------1 <br /> <br />I <br /> <br />. <br /> <br />Trustee (such Trust Agreement in the form presented to this <br />meeting, with such changes, insertions and omissions as are made <br />pursuant to this Resolution, being referred to herein as the <br />"Trust Agreement"); and <br /> <br />WHEREAS, Prudential Securities Incorporated, as <br />underwriter (the "Underwriter"), has submitted to the City a <br />proposed form of Purchase Contract to purchase the Certificates <br />(such Purchase Contract, in the form presented to this meeting, <br />with such changes, insertions or omissions as are made pursuant <br />to this Resolution, being referred to herein as the "Purchase <br />Contract"); and <br /> <br />WHEREAS, the Agency has been presented with a form of <br />preliminary official statement (the "Preliminary Official <br />Statement") to be distributed in connection with the public <br />offering of the Certificates; and <br /> <br />WHEREAS, the Agency has full legal right, power and <br />authority under the Constitution and the laws of the State of <br />California to enter into the transactions herein authorized; and <br /> <br />. <br /> <br />WHEREAS, the members of the Agency (the "Board") has <br />been presented with the form of each document referred to herein, <br />relating to the Agency's proposed financing, and the Board has <br />examined and approved each document and desires to authorize and <br />direct the execution of such documents and the consummation of <br />such financing; and <br /> <br />WHEREAS, all acts, conditions and things required by <br />the Constitution and laws of the State of California to exist, to <br />have happened and to have been performed precedent to and in <br />connection with the consummation of such financing authorized <br />hereby do exist, have happened and have been performed in regular <br />and due time, form and manner as required by law, and the Agency <br />is now duly authorized and empowered, pursuant to each and every <br />requirement of law, to consummate such financing for the purpose, <br />in the manner and upon the terms herein provided; <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the Community <br />Redevelopment Agency of the City of Santa Ana, as follows: <br /> <br />section 1. All of the recitals herein contained are <br />true and correct and the Board so finds. <br /> <br />. <br /> <br />section 2. The Lease, on file with the Secretary, in <br />substantially the form submitted to this meeting and made a part <br />hereof as though set forth in full herein, be and the same is <br />hereby approved. The Chairman and the Secretary or any other <br />officers duly designated by the Board (the "Officers") are hereby <br />authorized and directed, for and in the name and on behalf of the <br />Agency, to execute and deliver the Lease in substantially said <br />form, with such chanqes, insertions and omissions therein as such <br /> <br />1A1.31391.l <br /> <br />3 <br /> <br />~WWB-12J31192 <br />