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. . . WHEREAS, the other documents listed below are also on file with the Secretary, and the Board, with the assistance of Agency Staff and consultants, has reviewed said documents and now desires to approve them so that the refinancing program can be consummated. NOW, THEREFORE, it is hereby DECLARED, ORDERED and DETERMINED as follows: Section 1. Amendment of Agency Bond Indentures, Call of Agency Bonds for Redemption. The Board hereby approves three First Supplemental Indentures of Trust amending and supplementing each of the three Indentures of Trust pursuant to which the Agency Bonds were issued, each by and between the Agency and the trustee for the Agency Bonds, in the forms on file with the Secretary. The Chairman, the Executive Director or the Treasurer, is hereby authorized and directed to execute and deliver, for and on behalf of the Agency, the First Supplemental Indentures of Trust in said forms, together with such changes, insertions and deletions as may be approved by the official executing such documents upon consultation with the Agency's general counsel and Bond Counsel, the approval thereof to be conclusively evidenced by the execution and delivery by the Agency of the First Supplemental Indentures of Trust. The Agency hereby directs that the Agency Bonds be called for redemption on September 1, 1999, subject only to the provisions of Section 3 of the Assignment Agreement- 1989 Bonds described below, so that the Agency Bonds may be purchased by the Authority in lieu of redemption on such date as contemplated by the First Supplemental Indentures of Trust and the other documents listed below. Section 2. Approval of Related Documents. The below-enumerated documents be and are hereby approved, and the Chairman, the Executive Director or the Treasurer, is hereby authorized and directed to execute and deliver, for and on behalf of the Agency, said documents each in the form on file with the Secretary together with such changes, insertions or deletions as may be approved by the official executing such documents upon consultation with the Agency's general counsel and Bond Counsel, the approval thereof to be conclusively evidenced by the execution and delivery by the Agency of the respective documents. The Secretary is hereby authorized and directed to attest such official's signature to such documents, where indicated by any such document. (a) Assignment Agreement-1989 Bonds, by and among the Agency, the Authority and Dai-Ichi Kangyo Bank of California, as trustee for the Bonds (the "Trustee"); (b) Interim Reimbursement Agreement, by and between the Agency and the City; (c) Reimbursement Agreement, by and between the Agency and the City; and (d) Continuing Disclosure Certificate-Agency, by the Agency and as acknowledged by the Trustee. Section 3. Sale of the Bonds. The Board hereby approves the sale of the Bonds to Stone & Youngberg LLC (the "Underwriter") pursuant to the terms of a Purchase Agreement between the Authority and the Underwriter, the form of which is on file with the Secretary, so long as the net interest cost of the Bonds is not in excess of five and thirty one-hundredths percent (5.30%), and the Underwriter's discount (without regard to any original issue discount) is not in excess of one percent. The Board hereby authorizes the Chairman, the Executive Director or the Treasurer to execute the Purchase Agreement, if requested by the Underwriter, in such form and with such changes as the official executing the same may approve. 2