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exist, have happened and have been performed in due time, form and manner as <br />required by the laws of the State of California, including the Act. <br />NOW, THEREFORE, BE IT RESOLVED that the Housing Authority of the City of <br />Santa Ana declares and orders as follows: <br />Section 2. The Authority hereby finds and declares that the above recitals are <br />true and correct. <br />Section 3. Pursuant to the Act and the Funding Loan Agreement (as defined <br />below), the execution and delivery of revenue notes designated as "Housing Authority of <br />the City of Santa Ana Multifamily Housing Revenue Real Estate Note (Flower Terrace) <br />2012 Series A-1" and "Housing Authority of the City of Santa Ana Multifamily Housing <br />Revenue IRP Note (Flower Terrace) 2012 Series A-2", in an aggregate principal amount <br />not to exceed $30,000,000, is hereby authorized. The Chairperson, Vice Chairperson, <br />Executive Director and Treasurer of the Authority, or their designee (the "Authorized <br />Officers"), each acting alone, are hereby authorized and directed to execute and deliver <br />the Notes for and in behalf of the Authority by manual or facsimile signature, in the <br />forms set forth in the Funding Loan Agreement, with such changes, deletions and <br />insertions as may be approved by such Authorized Officers and legal counsel to the <br />Authority, such approvals being conclusively evidenced by the execution and delivery <br />thereof. <br />Section 4. The Funding Loan Agreement (the "Funding Loan Agreement") <br />between the Authority and Citibank, N.A., as Funding Lender (the "Funding Lender"), in <br />the form on file with the Authority, is hereby approved. The Authorized Officers, each <br />acting alone, are hereby authorized for and in behalf of the Authority to execute and <br />deliver the Funding Loan Agreement with such changes, additions or deletions as may <br />be approved by such Authorized Officers and legal counsel to the Authority, such <br />approvals to be conclusively evidenced by the execution and delivery thereof. <br />Section 5. The Borrower Loan Agreement (the "Borrower Loan Agreement") <br />between the Authority and the Borrower, in the form on file with the Authority, is hereby <br />approved. The Authorized Officers, each acting alone, are hereby authorized for and on <br />behalf of the Authority to execute and deliver the Borrower Loan Agreement with such <br />changes, additions and deletions as may be approved by such Authorized Officers and <br />legal counsel to the Authority, such approvals to be conclusively evidenced by the <br />execution and delivery thereof. <br />Section 6. The Regulatory Agreement and Declaration of Restrictive <br />Covenants (the "Regulatory Agreement") between the Authority and the Borrower, in the <br />form on file with the Authority, is hereby approved. The Authorized Officers, each acting <br />alone, are hereby authorized for and on behalf of the Authority to execute and deliver <br />the Regulatory Agreement with such changes, additions or deletions as may be <br />approved by such Authorized Officers and legal counsel to the Authority, such <br />approvals to be conclusively evidenced by the execution and delivery thereof. <br />HA Resolution No. 2012-04 <br />Page 2 of 4