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<br />EXHIBIT D <br />IRREVOCABLE INSTRUCTIONS TO CONTROLLER <br /> <br />IRREVOCABLE INSTRUCTIONS FOR DISBURSEMENT <br />OF VLF RECEIVABLE OF <br />CITY OF SANTA ANA <br /> <br />March 17,2005 <br /> <br />Office of the Controller <br />State of California <br />P.O. Box 942850 <br />Sacramento, California 94250-5872 <br /> <br />Re: Notice of Sale ofVLF Receivable by the City of Santa Ana and <br />Wiring Instructions Information Form <br /> <br />Dear Sir or Madam: <br /> <br />Pursuant to Section 6588.5(c) of the California Government Code, City of Santa <br />Ana (the "Seller") hereby notifies you of the sale by the Seller, effective as of the date of these <br />instructions written above, of all right, title and interest of the Seller in and to the "VLF <br />Receivable" as defined in Section 6585(i) of the California Government Code (the "VLF <br />Receivable"), namely, the right to payment of moneys due or to become due to the Seller out of <br />funds payable in connection with vehicle license fees to a local agency pursuant to Section <br />10754.11 of the California Revenue and Taxation Code. <br /> <br />By resolution, the Seller's City Council authorized the sale of the VLF Receivable <br />to the California Statewide Communities Development Authority (the "Purchaser") pursuant to a <br />Purchase and Sale Agreement, dated March 2, 2005 and a Bill of Sale, dated March 17, 2005. <br />The VLF Receivable has been pledged and assigned by the Purchaser pursuant to an Indenture, <br />dated March 2, 2005 (the "Indenture") between the Purchaser and Wells Fargo Bank, National <br />Association, as Trustee (the "Trustee"). <br /> <br />The Seller hereby irrevocably requests and directs that, commencing as of the <br />date of these instructions written above, all payments of the VLF Receivable (and documentation <br />related thereto) be made directly to Wells Fargo Bank, National Association, as Trustee, in <br />accordance with the wire instructions and bank routing information set forth below. <br /> <br />Please note that the sale of the VLF Receivable by the Seller is irrevocable and <br />that (i) the Seller has no power to revoke or amend these instructiotis at any time, (ii) the <br />Purchaser shall have the power to revoke or amend these instructions only if there are no <br />notes of the Purchaser outstanding under the Indenture and the Indenture has been <br />discharged, and (iii) so long as the Indenture has not been discharged, these instructions <br />cannot be revoked or amended by the Purchaser without the consent of the Trustee. <br /> <br />Taxable <br />DOCSSFI:795397.1 <br /> <br />D-I <br />