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Quint & Thimmig LLP REDEMPTION REQUEST June 4, 2014 The Bank of New York Mellon Trust Company, N.A. 100 Pine Street, Suite 3100 San Francisco, CA 94111 Attention: Ms. Sheila A. Bowman, Senior Associate Re Redemption Request Regarding: City of Santa Ana Certificates of Participation (1998 City Hall Expansion Project) Ladies and Gentlemen: 04/30/14 05/28/14 As successor trustee (the "Trustee') with respect to the City of Santa Ana Certificates of Participation (1998 City Hall Expansion Project), dated as of January 1, 1998 (the "1998 Certificates "), you are hereby notified of the election of the City of Santa Ana (the "City ") to redeem, on July 7, 2014, pursuant to that certain Trust Agreement, dated as of January 1, 1998, by and among the City, the Santa Ana Financing Authority (the "Authority ") and the Trustee, all outstanding 1998 Certificates at a price equal to 100% of the principal amount thereof, plus accrued interest to the date fixed for redemption. The City intends to fund the redemption of the 1998 Certificates from a portion of the proceeds of a lease financing to be sold to Western Alliance Public Finance. Comuass Bank. an Alabama banking cornoration to close on You are hereby instructed to provide, no later than June 7, 2014, conditional notice of redemption of the 1998 Certificates to occur on July 7, 2014, substantially in the form attached hereto as Exhibit A. Please note that the redemption of the 1998 Certificates is conditional upon the receipt of the proceeds of the 2014 Lease Financing. In connection with your acting on the instructions of the Authority and the City to provide a rescindable notice to redeem the 1998 Certificates, the City agrees to reimburse the Trustee for all out -of- pocket costs and expenses incurred by the Trustee related to or arising from any rescission of the notice of redemption and further agrees to indemnify and hold harmless the Trustee, its officers, directors, employees and agents from and against any claims, losses, damages, costs, liabilities, expenses or attorney's fees resulting from the fact that the notice of redemption of the 1998 Certificates states that the redemption date is conditional upon receipt of the proceeds of the 2014 Lease Financing, or the rescinding of the notice of redemption of the 1998 Certificates by the Trustee upon instruction from the City. THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. By— Name Title CITY OF SANTA ANA By— Name Title 4 -137 19014.10