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SA-3 - RESO - REFUNDING BONDS
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SA-3 - RESO - REFUNDING BONDS
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Last modified
9/27/2018 2:45:16 PM
Creation date
9/27/2018 2:32:05 PM
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Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
10/2/2018
Destruction Year
2023
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expenses (including attorneys' fees) of defending against any claim of liability, but excluding liabilities due to <br />the Dissemination Agent's negligence or willful misconduct. The Dissemination Agent shall have no duty of <br />obligation to review any information provided to it hereunder and shall not be deemed to be acting in any <br />fiduciary capacity for the Issuer, the owner of a Bond, or any other party. The Trustee shall have no liability to <br />any party for any monetary damages or other financial liability of any kind whatsoever related to or arising from <br />any breach of this Disclosure Certificate. No person shall have any right to commence any action against the <br />Dissemination Agent seeking any remedy other than to compel specific performance of this Disclosure <br />Certificate. The Dissemination Agent may rely and shall be protected in acting or refraining from acting upon <br />any written direction from the Issuer or an opinion of Special Counsel. The obligations of the Issuer under this <br />Section shall survive resignation or removal of the Dissemination Agent or the Trustee and payment of the <br />Bonds. <br />Section 13. Beneficiaries. This Disclosure Certificate shall inure solely to the benefit of the Issuer, <br />the Dissemination Agent, the Participating Underwriter and Holders and Beneficial Owners from time to time of <br />the Bonds, and shall create no rights in any other person or entity. <br />Dated: , 2018 SUCCESSOR AGENCY TO THE FORMER <br />COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA <br />US <br />Steven A. Mendoza <br />Executive Director, Community <br />Development Agency <br />E-6 <br />SA -3-83 <br />
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