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. . . . ". section 1. The Authority hereby above recitals are true and correct. finds declares that the and Section 2. The First Amendment to Owner Participation Agreement and the Amended Promissory Note, in the forms presented to this meeting, are hereby approved. The Chairman, Executive Director, Assistant Executive Director and Finance Officer of the Agency (the "Designated Officers") are, and each of them acting alone is, hereby authorized and directed, for and in the name and on behalf of the Agency, to execute and deliver the First Amendment to Owner Participation Agreement, in substantially said form, with such additions or changes as are necessary or advisable. section 3. All actions heretofore taken by the officers and agents of the Agency with respect to the First Amendment to Owner Participation Agreement and the execution and delivery of the Amended Promissory Note are hereby approved, confirmed and ratified, and the proper officers of the Agency, including the Designated Officers, are hereby authorized and directed, for and in the name and on behalf of the Agency, to do any and all things and take any and all actions and deliver any and all certificates, agreements and other documents which they, or any of them, may deem necessary or advisable in order to further the purpose hereof. Section 4. This resolution immediately upon its adoption. resolution shall take effect This ADOPTED this ~h day of following vote: December 1997 by the AYES: MEMBERS: FRANKLIN, LUTZ, MCGUIGAN, RICHARDSON, PULIDO NOES: MEMBERS: None ABSENT: MEMBERS: ESPINOZA, MORENO ATTEST: Cy~~ Executive Director APPROVED AS TO FORM: i:ðwc' /. ~ jYJoseph W. Fletcher Agency Attorney h, \actions\ 97cra\OPAHengr