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<br />interested persons were given an opportunity to be heard on all matters relative to the <br />financing and operation of the Project and the Authority's issuance of the Bonds. <br /> <br />G. The Project is located wholly within the geographic jurisdiction of the City. <br /> <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 /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA ANA <br />DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: <br /> <br />Section 2. The City Council hereby finds and determines that the foregoing <br />recitals are true and correct. <br /> <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 /> <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 /> <br />Section 5. This resolution shall take effect immediately. <br /> <br />ADOPTED this 16'h day of October, 2006 <br /> <br /> <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, City Attorney <br /> <br />By: ( ':j1: c t- ./J-COwC <br />Lisa E. Storck <br />Assistant City Attorney <br /> <br />Resolution No. 2006-078 <br />Page 2 of 3 <br />