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NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA ANA DOES <br />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 issuance <br />of the Obligations by the Authority to finance the Project. It is the purpose and intent of <br />this City Council that this resolution constitutes approval of the issuance of the Obligations <br />by the applicable elected representative of the governmental unit having jurisdiction over <br />the area in which the Project is located, in accordance with the Code. <br />Section 4. The issuance of the Obligations 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 />Resolution No. 2012-037 <br />Page 2 of 3