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DESIGNATION OF QUALIFICATION #91-093 <br />This designation by the CITY OF SANTA ANA ("CITY") as lessee is issued to <br />MARINE NATIONAL BANK ("Bank") as assignee of lessor under that certain <br />Lease with Option to Purchase agreement dated June 27, 1991 ("Lease") for <br />the financing of governmental use property. <br />The CITY hereby designates the Lease as a qualified tax-exempt obligation <br />pursuant to Section 265(b) of the Internal Revenue Code of 1986 and the <br />CITY agrees that it will not designate more than $10,000,000 of qualified <br />tax-exempt obligations during. calendar year 1991 pursuant to Section <br />265(b)(3)(D) of the Code. <br />Further, the CITY represents to the Bank that the CITY reasonably expects <br />that the aggregate principal amount of all tax --exempt obligations issued <br />by the CITY and its subordinate entities will not exceed $10,000,000 for <br />-all of calendar year 1991. <br />CITY OF SANTA ANA <br />lessee) <br />Q�41 <br />B4 � — y <br />Title Daniel 11. Young, Mayor <br />Date <br />ATTEST® <br />JANICE C. GUY <br />CLE ". K C7 THi 7- CCOYNC!!. <br />This designation was submitted to and approved by the CITY'S governing <br />body at a meeting duly held'on U TU <br />kl) <br />Approved as to eojjje�ji <br />APPROVE Cl 5 TO FORM <br />Dt 5W.4W ;i C OPER <br />CITY A NEY <br />