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relative to the financing and operation of the Project and the Authority's <br />issuance of the Bonds therefore. <br />F. The Project is located wholly within the geographic jurisdiction of the City. <br />G. The City Council of the City of Santa Ana, as the "applicable elected <br />representative" of the Authority, approves of the issuance of the Bonds as <br />in the public 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 finance the Project. It is the purpose and <br />intent of this City Council that this resolution constitute approval of the issuance of the <br />Bonds by the applicable elected representative 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 />ADOPTED this 7~h day of Jam, 2008. <br />APPROVED AS TO FORM: <br />Joseph W. Fletcher, City Attorney <br />By: ~~ <br />Lisa E. Storck <br />Assistant City Attorney <br />Resolution Na. 2008-054 <br />Page 2 of 3 <br />