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55C - RESO - 800 MHZ COMMUNICATION SYS
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55C - RESO - 800 MHZ COMMUNICATION SYS
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6/1/2017 5:12:39 PM
Creation date
6/1/2017 5:02:16 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Police
Item #
55C
Date
6/6/2017
Destruction Year
2022
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EXHIBIT F <br />OPINION OF LESSEE'S COUNSEL <br />June 15, 2017 <br />Holman Capital Corporation <br />25201 Paseo de Alicia, Suite 290 <br />Laguna Hills, CA 92653 <br />Re: Equipment Lease -Purchase Agreement and Equipment Schedule both dated June 15, 2017 <br />Ladies and Gentlemen: <br />As counsel to the CITY OF SANTA ANA (the "Lessee'), I have examined the Equipment Lease - <br />Purchase Agreement and Equipment Schedule both dated June 15, 2017 (collectively, the "Lease <br />Agreement'), between the Lessee and Holman Capital Corporation, as lessor ("Lessor'), the form of the <br />Escrow Agreement, together the Disbursement Request Form and Certificate of Acceptance (collectively, <br />the "Escrow Agreement'), and the proceedings taken by the Governing Body of the Lessee to authorize on <br />behalf of the Lessee the execution and delivery of the Lease Agreement and the Escrow Agreement and the <br />investment of the lease proceeds into the Permitted Investment (as such term is defined in the Escrow <br />Agreement). The Lease Agreement and the Escrow Agreement are herein collectively referred to as the <br />"Transaction Documents. " Based upon the foregoing examination and upon an examination of such other <br />documents and matters of law as I have deemed necessary or appropriate, I am of the opinion that: <br />1. The Lessee is a municipal corporation, which is a duly established and validly existing as a <br />political subdivision of the State of California under the Constitution and laws of the State of California <br />with full power and authority to enter into the Transaction Documents. <br />2. The Transaction Documents have each been duly authorized, executed, and delivered by the <br />Lessee. The Permitted Investment has been duly authorized by the Lessee. Assuming due authorization, <br />execution and delivery thereof by Lessor, the Transaction Documents constitute legal, valid, and binding <br />obligations of the Lessee, enforceable against the Lessee in accordance with their respective terms, subject <br />to any applicable bankruptcy, insolvency, moratorium or other laws or equitable principles affecting the <br />enforcement of creditors' rights generally. <br />3. The beneficial use of the Equipment to be leased pursuant to the Lease Agreement, when <br />subjected to use by the Lessee, will not be a fixture under applicable law, <br />4. The Lessee has complied with any applicable public bidding requirements in connection with <br />the Transaction Documents and the transactions contemplated thereby. The resolution adopted by the <br />Governing Body of the Lessee authorizing the execution and delivery of the Transaction Documents, the <br />investment of lease proceeds into the Escrow Account and Permitted Investments, and certain other matters <br />was adopted at a meeting that was held in compliance with all applicable laws relating to the holding of <br />open and public meetings. <br />5. No litigation or proceeding is pending or, to the best of my knowledge, threatened to restrain or <br />enjoin the execution, delivery, or performance by the Lessee of the Transaction Documents or in any way <br />to contest the validity of the Transaction Documents, to contest or question the creation or existence of the <br />F-1 <br />55C-31 <br />
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