2009-003 HA - Laserfiche WebLink

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E. The Borrower has requested that the Authority execute and deliver a bond issuance and pledge agreement, a loan agreement and a regulatory agreement and declaration of restrictive in connection with the issuance and delivery of the Bonds. F. The Authority hereby finds and declares that this Resolution is being adopted pursuant to the powers granted by the Act. G. All conditions, things and acts required to exist, to have happened and to have been performed precedent to and in the issuance of the Bonds and the implementation of the Program as contemplated by this resolution and the documents referred to herein exist, have happened and have been performed in due time, form and manner as required by the laws of the State of California, including the Act. Section 2. Pursuant to the Act and the Indenture (hereinafter defined), revenue bonds of the Authority, designated as "Housing Authority of the City of Santa Ana Multifamily Housing Revenue Bonds (Lacy/Raitt Apartments) 2009 Series A-1" and "Housing Authority of the City of Santa Ana Multifamily Housing Revenue Bonds (Lacy/Raitt Apartments) 2009 Series A-2" in an aggregate principal amount not to exceed $4,500,000 (collectively, the "Bonds"), are hereby authorized to be issued and delivered. The Bonds shall be executed by the manual or facsimile signature of the Chairperson, Vice Chairperson, or Executive Director of the Authority, and attested by the manual or facsimile signature of the Secretary, or any deputy thereof, in the form set forth in and otherwise in accordance with the Indenture. Section 3. The Trust Indenture (the "Indenture") in the form on file with the Authority is hereby approved. The Chairperson, Vice Chairperson, and Executive Director of the Authority, or any authorized deputy of any of them (the "Designated Officers") are, and each of them acting alone is, hereby authorized, for and in the name and on behalf of the Authority, to execute by manual signature and deliver the Indenture, in substantially said form, with such changes and insertions therein as are recommended or approved by the such officers upon consultation with bond counsel to the Authority, including such changes or insertions as are necessary or advisable in accordance with Section 7 hereof, and which may be required in connection with providing security for the payment of the principal of and interest on the Bonds, (provided that no changes or insertions shall authorize an aggregate principal amount of Bonds in excess of $4,500,000), such approval to be conclusively evidenced by the delivery thereof. The date, maturity dates, interest rate or rates, interest payment dates, denominations, form, registration provisions, manner of execution, place of payment, terms of redemption, and other terms of the Bonds shall be as provided in the Indenture as finally executed. Section 4. The Loan Agreement in the form on file with the Authority is hereby approved. Any Designated Officer, acting alone, is authorized to execute by manual signature and deliver the Loan Agreement, in substantially said form, with such changes and insertions therein as are recommended or approved by such officers upon consultation with bond HA Resolution No. 2009-003 Page 2 of 4