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87-135 Ordinance
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87-135 Ordinance
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1/11/2014 12:52:09 PM
Creation date
1/7/2014 4:11:54 AM
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North Olmsted Legislation
Legislation Number
87-135
Legislation Date
12/16/1987
Year
1987
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_ ~ M _ 1 ~.. <br />15 <br />which may be necessary so that the Project Bonds will not <br />constitute arbitrage bonds under Section 148 of the Code, after <br />taking into account reasonable expectations at the time of the <br />delivery of and payment for the Project Bonds. <br />To those ends, the Mayor and any other officer having <br />responsibility for issuing the Project Bonds is authorized and <br />directed, alone or in conjunction with any of the foregoing or <br />with any other officer, employee or agent of or consultant to <br />the Issuer, or with the Company or any officer, employee or <br />agent of or consultant to the Company, to give: <br />(i) an appropriate certificate of the Issuer, <br />for inclusion in the transcript of proceedings for the <br />Project Bonds, setting forth the reasonable <br />expectations of the Issuer regarding the amount and <br />use of the proceeds of the Project Bonds and the <br />facts, estimates and circumstances on which those <br />expectations are based, that certificate to be <br />premised on the reasonable expectations and the facts, <br />estimates and circumstances on which those <br />expectations are based, as provided by the Company, <br />all as of the date of delivery of and payment for the <br />Project Bonds; and <br />(ii) the statement setting forth the information <br />required by Section 149(e) of the Code, which shall be <br />based on the relevant information provided by the <br />Company. <br />
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