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$4,125,000
TUSTIN PUBLIC FINANCING AUTHORITY
Water Revenue Bonds, Series 2024
(Subordinate Lien)
INCUMBENCY AND SIGNATURE CERTIFICATE — AUTHORITY
The undersigned hereby state and certify:
2/7/24
B3
(i) that the undersigned are the duly elected or appointed, qualified and acting Chair
and Secretary, respectively, of the Tustin Public Financing Authority, a joint exercise of powers
entity duly organized and existing under the laws of the State of California (the "Authority"),
and as such, are familiar with the facts herein certified and are authorized and qualified to
certify the same on behalf of the Authority;
(ii) that the following are now, and have continuously been since the dates of the
beginning of their respective current terms of office set forth below, the duly appointed,
qualified and acting Board of Directors of the Authority, and the dates of the beginning and
ending of their respective current terms of office are hereunder correctly designated opposite
their names:
Beginning Date Ending Date
Board of Directors of Current Term of Current Term
Austin Lumbard, Chair
Ryan Gallagher, Vice Chair
Letitia Clark
Rebecca Gomez
Ray Schnell
December, 2022
December, 2020
December, 2020
December, 2020
December, 2022
December, 2026
December, 2024
December, 2024
December, 2024
December, 2026
(iii) that the signatures set forth opposite the names and titles of the following persons
are the true and correct specimens, or are the genuine signatures of such persons, each of whom
holds the position designated below:
Name and Title
Austin Lumbard, Chair
Nicole M. Bernard, Executive Director
Erica N. Yasuda, Secretary
Jennifer King, Treasurer
Signature
(iv) that the bonds issued by the Authority designated "Tustin Public Financing
Authority Water Revenue Bonds, Series 2024 (Subordinate Lien)," in the aggregate principal
amount of $4,125,000, and dated the date hereof (the 'Bonds"), have been executed by the
facsimile signature of the within -named Chair, and attested to by the facsimile signature of the
within -named Secretary;
(v) that for and on behalf of the Authority, the within -named Executive Director has
executed each of the following documents:
(a) Indenture of Trust, dated as of February 1, 2024, by and between The
Bank of New York Mellon Trust Company, N.A., as trustee, and the
Authority,
(b) Installment Sale Agreement, dated as of February 1, 2024, by and between
the Authority, as seller and the City of Tustin (the "City"), as purchaser,
and
(c) Placement Agent Agreement, dated as of February 1, 2024, by and among
the Authority, the City and Stifel, Nicolaus & Company, Incorporated, as
placement agent; and
(v) that for and on behalf of the Authority, the within -named Treasurer has executed
the Commitment Agreement, dated February 7, 2024, by Capital One Public Funding, LLC, as
purchaser, as accepted by the City and the Authority.
Dated: February 14, 2024
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TUSTIN PUBLIC FINANCING
AUTHORITY
By
Aus ` umbard,
Chair
By- L ' � au,_
Eric . Yasuda,
Secretary