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<br />.. ~' <br /> <br />i; <br />, ; <br /> <br />2231944vl <br /> <br />.~ <br /> <br />(b) Financing Agreement, to be dated as of July 1, 2002 (the "Financing <br />Agreement"), proposed to be made and entered into between the City, the Company and the <br />Trustee; <br /> <br />(c) Multifamily Note to be given by the Company in favor of the City and endorsed <br />by the City to the Trustee; <br /> <br />(d) Multifamily Mortgage, Assignment of Rents, Security Agreement and Fixture ; <br />Financing Statement, dated as of July 1, 2002 (the "Mortgage"), to be given by the i <br />Company in favor of Fannie Mae and the City; <br /> <br />(e) Assignment and Intercreditor Agreement to be among the City, the Trustee, <br />Fannie Mae and the Company; <br /> <br />(f) Certificate of the Issuer to be executed by the City; <br /> <br />(g) Arbitrage Certificate to be executed by the City; <br /> <br />(h) Bond Purchase Agreement (the "Bond Purchase Agreement"), proposed to be i <br />made and entered into among the City, the Company and U.S. Bancorp Piper Jaffray Inc. <br />(the 'LJnderwriter"); <br /> <br />(i) Remarketing Agreement (the "Remarketing Agreement"), dated as of July 1, ! <br />2002, proposed to be made and entered into between the Company and the Underwriter (as <br />the remarketing agent thereunder); <br /> <br />G) Amended and Restated Regulatory Agreement (the "Regulatory Agreement") to <br />be dated as of the date of delivery thereof, proposed to be made and entered into between <br />the City, the Company and the Trustee; and <br /> <br />(k) Offering Circular, proposed to be dated on or about July 10,2002 (the "Offering <br />Circular"). <br /> <br />Section 2. Findings. It is hereby found, determined and declared that: <br /> <br />(a) The issuance of the Bonds for the purpose of refunding the Prior Bonds will <br />result in the continued provision of necessary housing facilities, so that adequate housing <br />facilities are available to residents of the City at a reasonable cost, which is a public <br />purpose; and <br /> <br />(b) The authorization, execution and delivery of the Bonds and the Transaction <br />Documents and any related documents to which the City is a party and the performance of : <br />all covenants and agreements of the City contained in such documents are authorized by the <br />Act; and <br /> <br />3 <br />