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WHEREAS, it is intended that this resolution shall constitute the approval of the issuance of <br />the Bonds required by Section 147(f) of the Code and Section 9 of the Agreement; <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AS FOLLOWS: <br />Section 1. The above recitals are true and correct. <br />Section 2. The City Council hereby approves the issuance of the Bonds and the <br />Refunding Bonds by the Authority. It is the purpose and intent of the City Council that this <br />resolution constitute approval of the Bonds for the purposes of (a) Section 147(f) of the Code and <br />(b) Section 9 of the Agreement. <br />Section 3. The issuance of the Bonds shall be subject to approval of the Authority of all <br />financing documents relating thereto to which the Authority is a party. The City shall have no <br />responsibility or liability whatsoever with respect to repayment or administration of the Bonds. <br />Section 4. The adoption of this Resolution shall not obligate the City or any department <br />thereof to: (i) provide any financing with respect to the Project; (ii) approve any application or <br />request for or take any other action in connection with any planning approval, permit or other action <br />necessary with respect to the Project; (iii) make any contribution or advance any funds whatsoever <br />to the Authority; or (iv) take any further action with respect to the Authority or its membership <br />therein. <br />Section 5. The City Manager and applicable Executive Directors of the City are hereby <br />authorized and directed, jointly and severally, to do any and all things and to execute and deliver <br />any and all documents that they deem necessary or advisable in order to carry out, give effect to <br />and comply with the terms and intent of this resolution and the financing approved hereby. <br />Section 6. This resolution shall take effect immediately upon adoption. <br />ADOPTED this 19th day of December, 2017. <br />APPROVED AS TO FORM: <br />Sonia R. Carvalho <br />City Attorney <br />By: <br />Ryan <br />Cited Attorney <br />Resolution No. 2017-087 <br />Page 2 of 3 <br />