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DECLARATION OF OFFICIAL INTENT <br />For Reimbursement of Expenditures from Bonds/Notes <br />This is a Declaration of Official Intent under U.S. Treasury Regulations for purposes of <br />Sections 103 and 141 to 150 of the Internal Revenue Code of 1986 (the Internal Revenue <br />Code). <br />1. The Issuer declares that it reasonably expects that the expenditures described in 2. will be <br />reimbursed with the proceeds of bonds (as defined in Section 150 of the Intemal Revenue <br />Code). The maximum principal amount of bonds expected to be issued for the project, <br />property, program or purpose toward which the expenditures in 2. are being made is <br />$ 72,000.00 <br />? 2. Description of capital expenditures to be reimbursed. (Complete either A. or B. but do <br />not use alternate B. unless the functional purpose of the fund or account is generally <br />descriptive of the purpose of the expenditure. )-- <br />A. Expenditures for (insert a general functional description of property, project, <br />program or purpose): <br />Preliminary work for the sanitary sewer system to <br />rP lnn^+oa in the Worton Park area. <br />OR <br />B. Expenditures initially made from and to be reimbursed to the fund or account entided <br />, the general functional purpose of <br />which fund or account is <br />The undersigned has been authorized by the Issuer to make and sign this Declaration <br />on behalf of the Issuer. <br />Date of Declaration: Philip M. Brett <br />Name of Issuer <br />June 20 <br />1994 ? . <br />By / <br />( gnature) <br />Director of Finance <br />(Type or print Name and Tide) <br />Caution: This Declaration of Official Intent will not be effective unless the notes, bonds or <br />other obligations providing moneys for the reimbursement are issued and the <br />reimbursement is made (by an allocation on the books and records identify ni g the <br />expendrture as in 2 above) within the applicable period prescribed in the Treasury <br />Regulations.