2011-001 HA - Laserfiche WebLink

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E. The Borrower has now requested that the Authority authorize the issuance and delivery of the Bonds in an aggregate principal amount not to exceed $10,615,700 and to approve various documents related to the Bonds. F. The Authority hereby finds and declares that this Resolution is being adopted to approve various documents related to the Bonds 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. The Authority finds and ;determines that the above recitals are true and correct. Section 3. Pursuant to the Act and the Indenture (hereafter defined), revenue bonds of the Authority, designated as "Housing Authority of the City of Santa Ana Multifamily Housing Revenue Bonds (Infill Projects) Series 2011A" in an aggregate principal amount not to exceed $10,615,700 (referred to in this Resolution as 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, Executive Director or Treasurer of the Authority (each an "Authorized Officer'), 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 4. The Indenture of Trust (the "Indenture"), by and between the Authority and Bank of America, N.A., as the initial Bondowner Representative, in the form on file with the Secretary, is hereby approved. The Authorized Officers are, and each of them acting alone is, hereby authorized, for and in the name and on behalf of the Authority, to execute and deliver the Indenture, and the Secretary or any authorized deputy thereof is hereby authorized to attest the Authorized Officer's signature on the Indenture, in said form, together with such additions thereto or changes therein as are recommended or approved by the Authorized Officer who executes the Indenture upon consultation with bond counsel to the Authority, including such additions or changes as are necessary or advisable in accordance with Section 7 hereof (provided that no additions or changes shall authorize an aggregate principal amount of Bonds in excess of $10,615,700), the approval of such additions or changes to be conclusively evidenced by the execution and delivery by the Authority of the Indenture. The date, maturity date or 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. HA Resolution 2011-001 Page 2 of 4