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2014-005 SAFA
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2014-005 SAFA
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Last modified
8/13/2014 9:16:03 AM
Creation date
8/13/2014 9:03:39 AM
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City Clerk
Doc Type
Resolution
Doc #
2014-005
Date
8/5/2014
Destruction Year
P
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EXHIBIT A <br />FORM OF SECOND SUPPLEMENTAL INDENTURE <br />This SECOND SUPPLEMENTAL INDENTURE (this "Second Supplement'), <br />dated as of July 1, 2014, is made between by and between the SANTA ANA <br />FINANCING AUTHORITY, a joint exercise of powers authority of the State of California <br />(the "Authority "), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., a <br />national banking association organized and existing under and by virtue of the laws of <br />the United States of America (the "Trustee "), amending that certain Indenture, dated as <br />of March 1, 1994 (the 'Indenture "), by and between the Authority and Meridian Trust <br />Company of California, as trustee (the "Original Trustee "), as amended as of February <br />1, 2004 (the "First Supplement'), by and between the Authority and BNY Western Trust <br />Company, as successor trustee (the "First Successor Trustee "). <br />WHEREAS, the Authority and the Original Trustee executed and delivered the <br />Indenture under and pursuant to which the Authority issued its $107,399,438.50 Santa <br />Ana Financing Authority Police Administration and Holding Facility Lease Revenue <br />Bonds, Series 1994A (the "1994 Bonds "); <br />WHEREAS, the Authority and the First Successor Trustee executed and <br />delivered the First Supplement pursuant to which the Authority issued its $38,845,000 <br />Santa Ana Financing Authority Police Administration and Holding Facility Lease <br />Revenue Refunding Bonds, Series 2004A (the "2004 Bonds "), issued to provide for the <br />defeasance and refunding of a portion of the 1994 Bonds; <br />WHEREAS, the 2004 Bonds have been fully paid and are no longer outstanding; <br />WHEREAS, the 1994 Bonds are outstanding in the principal amount of <br />$67,100,000 outstanding; <br />WHEREAS, in June 2014, the City of Santa Ana entered into a lease financing <br />whereby a portion of the proceeds thereof was used to defease to maturity 50 %, or <br />$33,550,000, of the outstanding 1994 Bonds; <br />WHEREAS, by virtue of such defeasance, 50% of the 1994 Bonds were <br />designated as "defeased" 1994 Bonds and 50% of the 1994 Bonds were designated as <br />"non - defeased" 1994 Bonds, requiring the assignment of new CUSIP numbers to the <br />"defeased" 1994 Bonds and to the "non - defeased" 1994 Bonds to distinguish them from <br />the original 1994 Bonds; <br />WHEREAS, by virtue of the 50% split of the 1994 Bonds, the "defeased" 1994 <br />Bonds and "non- defeased" 1994 Bonds maturing on July 1, 2016, and on July 1, 2018, <br />no longer satisfy the requirement of the Indenture that the 1994 Bonds be issued in the <br />denomination of $5,000 and integral multiples of $5,000; <br />Exhibit A <br />Page 1 <br />
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