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<br />" ... <br /> <br />MAYOR <br />Miguel A. Pulido <br />MAYOR PRO TEM <br />Lisa Bisl <br />COUNCIL MEMBERS <br />Claudia C. Alvarez <br />Carlos Bustamante <br />Alberta D. Christy <br />Mike Garcia <br />Jose Solorio <br /> <br />~ <br /> <br /> <br />~ <br /> <br />CITY OF SANTA ANA <br /> <br />OFFICE OF THE CITY ATTORNEY <br />20 CIVIC CENTER PLAZA M.29 . p.o. BOX 1988 <br />SANTA ANA, CALIFORNIA 92702 <br />(714) 647-5201 . Fax 17141 647.6515 <br /> <br />CITY' MANAGER <br />David N. Ream <br />CITY ATTORNEY <br />Joseph W. Fletcher <br />CLERK OF THE COUNCIL <br />Patricia E. Healy <br /> <br />EXHIBIT HI <br /> <br />March 2, 2005 <br /> <br />California Statewide Communities Development Authority <br />Sacramento, California <br /> <br />Wells Fargo Bank, National Association <br />Los Angeles, California <br /> <br />Re: Sale ofVLF Receivable <br /> <br />Ladies & Gentlemen: <br /> <br />This Office acted as counsel for the City of Santa Ana (the "Seller") in <br />connection with the adoption of that certain resolution (the "Resolution") of the City <br />Council of the Seller (the "Governing Body") pursuant to which the Seller authorized the <br />sale to the California Statewide Communities Development Authority (the "Purchaser") <br />of the Seller's "VLF Receivable", as defined in and pursuant to the Purchase and Sale <br />Agreement dated March 2, 2005 (the "Sale Agreement") between the Seller and the <br />Purchaser, In connection with these transactions, the Seller has issued certain Irrevocable <br />Instructions For Disbursement of the Seller's VLF Receivable to the Controller of the <br />State of California (the "Disbursement Instructions" and collectively with the Sale <br />Agreement, the "Transaction Documents"). Unless the context otherwise requires, <br />capitalized terms used but not otherwise defined herein shall have the meanings given to <br />such terms in the Sale Agreement. <br /> <br />I have examined and am familiar with those documents relating to the <br />existence, organization, and operation of the Seller, the Resolution, the Transaction <br />Documents and such certified proceedings, certifications of officers of the Seller and <br />others, and such other agreements, instruments and documents, and have satisfied myself <br />as to such other matters, as I deem necessary in order to render the following opinions. <br /> <br />Based upon the foregoing, I am of the opinion that: <br /> <br />C_S_67Q <br />