1994 058 Ordinance - Laserfiche WebLink

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Keep with Ord. 94-58 for reference DECLARATION OF OFFICIAL INTENT For Reimbursement of Expenditures from Bonds/Notes This is a Declaration oi Official Intent under U.S. Treasury Regulations for purposes of Sections 103 and 141 to 150 of the Internal Revenue Code of 1986 (the Internal Revenue Code). 1. The Issuer declares that it reasonably expects that the expenditures described in 2. will be reimbursed with the proceeds of bonds (as defined in Section 150 of the Internal Revenue Code). 'I'he maximum principal amount of bonds expected to be issued for the project, $roperty, pro?ram or purpose towazd which the expenditures in 2. are being made is - l0?i00.00 ' 2. Description of capital expenditures to be reimbursed. (Complete either A. or B. but do not use alternate B. unless the functional purpose of the fund or account is generally descriptive of the purpose of the expenditure.) -- A. Expenditures for (insert a general functional description of property, project, program or purpose): Project pending repayment Pay for the remainder.o€ the S.O.M./Hiahland t e County. OR B. Expenditures initially made from and to be reimbursed to the fund or account entided , the general functional puipose of which fund or account is The undersigned has been authorized by the Issuer to make and sign this Declaration on behalf of the Issuer. Date of Deciaration: December 19 199 4 Philip M. Brett Name of Issuer By r 916&_ ( gnature) Director of Finance (Type or print Name and Title) Caution: This Declaration of Official Intent will not be effective unless the notes, bonds or other obligations providing moneys for the reimbursement are issued and the reimbursement is made (by an allocation on the books and records identify ni g the expenditure as in 2 above) withi.n the applicable period prescribed in the Treasury Regulations. ?----:-?- e .,,.,., ?_..:-- ?------ ? ^-------