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SECTION 3. Purchase and Sale of the 2010 Bonds. The Board hereby authorizes the purchase by the Authority of the 2010A Bonds for concurrent re-sale to Stone & Youngberg LLC and E. J. De La Rosa & Co., Inc. (the "2010A Underwriters"), so long as the total 2010A Underwriters' discount, excluding original issue discount which does not constitute compensation to the 2010A Underwriters, does not exceed 1 % of the principal amount of the 2010A Bonds, and so long as the final maturity date of the 2010A Bonds is no later than September 1, 2035. The Board hereby authorizes the purchase by the Authority of the 2010B Bonds for concurrent re-sale to (the "2010B Underwriter"), so long as the total 2010B Underwriter's discount, excluding original issue discount which does not constitute compensation to the 2010B Underwriter, does not exceed 1% of the principal amount of the 2010B Bonds, and so long as the final maturity date of the 2010B Bonds is no later than September 1, 2035. The Board hereby approves a bond purchase agreement relating to the 2010 Bonds, by and among the 2010A Underwriters, the Authority and the Agency with respect to the 2010A Bonds, and by and among the 2010B Underwriter, the Authority and the Agency with respect to the 2010B Bonds, in the form on file with the Secretary (the "2010 Bond Purchase Agreement"), together with such additions thereto and changes therein as the Executive Director, or any designee thereof, shall deem necessary, desirable or appropriate, and the execution thereof by the Executive Director, or any designee thereof, shall be conclusive evidence of the approval of any such additions and changes. The Executive Director, or any designee thereof, is hereby authorized and directed to execute the final form of the 2010 Bond Purchase Agreement for and in the name and on behalf of the Authority. SECTION 4. Official Actions. The Executive Director and any and all other officers of the Authority, are hereby authorized and directed, for and in the name and on behalf of the Authority, to do any and all things and take any and all actions, including execution and delivery of any and all assignments, certificates, requisitions, agreements, notices, consents, instruments of conveyance, warrants and other documents which they, or any of them, may deem necessary or advisable in order to consummate the lawful issuance and sale of the 2010 Bonds as described herein. Whenever in this resolution any officer of the Authority is authorized to execute or countersign any document or take any action, such execution, countersigning or action may be taken on behalf of such officer by any person designated by such officer to act on his or her behalf in the case such officer shall be absent or unavailable. SECTION 5. Effect. This Resolution shall take effect from and after the date of its passage and adoption. ADOPTED this 6th day of December, 2010 Resolution No. SAFA 2010-002 Page 5 of 6