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Purchaser is substituted for the Owner under the Reimbursement <br /> Agreement between the Owner and the Surety (the Reimbursement <br /> Agreement"), reciting that the Surety has agreed to reflect the <br /> Purchaser as the owner of the Project by endorsement of the <br /> Surety Bond; <br /> <br /> WHEREAS, the Owner has requested its release by letter of <br /> its attorney, a copy of which is attached to this resolution; and <br /> <br /> WHEREAS, by the Indenture the City Manager of the City is <br /> designated Authorized Issuer Representative, and the City Manager <br /> is authorized to designate, by certificate, another person to act <br /> on behalf of the City as Authorized Issuer Representative and <br /> also to designate one or more alternate Authorized Issuer <br /> Representatives; <br /> <br /> NOW, THEREFORE, IT IS DETERMINED AND ORDERED, as follows: <br /> <br /> 1. The Amendment Agreement, and the Assumption Agreement, <br /> each with the parties as identified by the recitals, are hereby <br /> approved, and an Authorized Issuer Representative is authorized <br /> to sign the Amendment Agreement and the Assumption Agreement, as <br /> approved, on behalf of the City. <br /> <br /> 2. An Authorized Issuer Representative is authorized to <br /> make the determinations provided for by the Loan Agreement and <br /> the Regulatory Agreement, and in the event an Authorized Issuer <br /> Representative determines that the Loan Agreement and the <br /> Regulatory Agreement provisions relating to transfer are complied <br /> with, an Authorized Issuer Representative is authorized to <br /> deliver the Amendment Agreement and the Assumption Agreement on <br /> behalf of the City. <br /> <br /> 3. An Authorized Issuer Representative is authorized to <br />approve insertions, omissions and other changes, including <br />substantial changes, in the Amendment Agreement and the <br />Assumption Agreement prior to delivery, and delivery of such <br />agreements as so changed is hereby declared to be fully effective <br />and binding on the City. <br /> <br /> 4. An Authorized Issuer Representative who delivers the <br />Amendment Agreement and the Assumption Agreement is also <br />authorized, and all other officers or employees of the City are <br />also authorized, to sign and deliver such additional agreements, <br />instruments and certificates as such Authorized Issuer <br />Representative determines to be necessary or desirable to effect <br />the transfer of the Project and the other interests proposed also <br />to be transferred, with appropriate protection of the interests <br />of the City. <br /> <br /> 5. G.A. Laster, San Mateo, California is confirmed as the <br />City's bond counsel for the Project and Bonds, to advise the City <br /> <br />RC(1)Res. Prov. - 3 - <br /> <br /> <br />