1994 058 Ordinance - Laserfiche WebLink

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?.?. ? DECLARATION OF OFFICIAL INTENT For Reimbursement of Expenditures from Bonds/Notes This is a Declaration of Official Intent under U.S. Treasury Regulations for puiposes of Sections 103 and 141 to 150 of the Intemal Revenue Code of 1986 (the Internal Revenue Code). 1. 'I'he 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 Intemal Revenue Code). The maximum principal amount of bonds expected to be issued for the project, property, program or purpose toward which the expenditures in 2. are being made is $ 72,000.00 ? 2. Description of capital exgenditures to be reimbursed. (Complete either A. or B. but do not use altemate B. unless the functional purpose of the fund or account is generally descriptive of the purQose of the expenditure.) -- A. Expenditures for (insert a general functional description of property, project, program or purpose): Preliminary work for the sanitary sewer system to rP i?ra}o? in the Worton Park area. OR B. Fxpenditures initially made from and to be reimbursed to the fund or account entided , the general functional purpose 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 Declaration: June 20 1994 Philip M. Brett Name of Issuer gy /?- ( gnature) Director of Finance (Type or pnnt Name and Tide) 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) within the applicable period prescribed in the Treasury Regulations. 1---._:- 95 ,,.,,., -.:-- C----- . --