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9/27/06 les <br />G. The Project is located wholly within the geographic jurisdiction of the City. <br />H. The City Council of the City of Santa Ana, as the "applicable elected <br />representatives" of the Authority, approves of the issuance of the Bonds as in the public <br />interests of the Authority. <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: <br />Section 2. The City Council hereby finds and determines that the foregoing <br />recitals are true and correct. <br />Section 3. Pursuant to the Code, the City Council hereby approves the <br />issuance of the Bonds by the Authority to refinance the Project. It is the purpose and <br />intent of the City Council that this resolution constitutes approval of the issuance of the <br />Bonds by the applicable elected representatives of the governmental unit having <br />jurisdiction over the area in which the Project is located, in accordance with the Code. <br />Section 4. The issuance of the Bonds shall be subject to approval by the <br />Authority of all financing documents relating thereto to which the Authority is a party and <br />subject to the sale of the Bonds by the Authority to the underwriter thereof. <br />Section 5. This resolution shall take effect immediately. <br />75E-5 <br />