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<br />Section 148(f)(4)(C) of the Code or available under Section 148 of the Code,
<br />for the purpose of assuring, enhancing or protecting favorable tax treatment
<br />or status of the Note or interest thereon or assisting compliance with
<br />requirements for that purpose, reducing the burden or expense of such
<br />compliance, reducing the rebate amount or payments or penalties, or making
<br />payments of special amounts in lieu of making computations to determine, or
<br />paying, excess earnings as rebate, or obviating those amo,.ints or payments, as
<br />determined by that officer, which action shall be in writing and signed by the
<br />officer, (b) to take any and all other actions, make or obtain calculations,
<br />make payments, and make or give reports, covenants and certifications of and
<br />on behalf of the City, as may be appropriate to assure the exclusion of
<br />interest from gross income and the intended tax status of the Note, and (c) to
<br />give one or more appropriate certificates of the City, for inclusion in the
<br />transcript of proceedings for the Note, set.ting forth the reasonable expecta-
<br />tions of the City regarding the amount and use of all the proceeds of the
<br />Note, the facts, circumstances and estimates on which they are based, and
<br />other facts and circumstances relevant to the tax treatment of the interest on
<br />and the tax status of the Note.
<br />Each covenant made in this Section with respect to the Note is also
<br />made with respect to all issues any portion of the debt service on which is
<br />paid from proceeds of the Note (and, if different, the original issue and any
<br />refunding issues in a series of refundings), to the extent such compliance is
<br />necessary to assure exclusion of interest on the Note from gross income for
<br />federal income tax purposes, and the officers identified above are authorized
<br />to take actions with respect to those issues as they are authorized in this
<br />Section to take with respect to the Note.
<br />The City Yiereby represents that the 1991 Note is treated as a
<br />"qualified tax-exempt obligation" ptirsuant to Section 265(b)(3) of the Code.
<br />The City hereby covenants that it will redeem the 1991 Note from proceeds of,
<br />and within 90 days after issuance of, the Note, and represents that all other
<br />conditions are met for treating the Note as a"qualified tax-exempt
<br />obligation" and as not to be taken into account under subparagraph (D) of
<br />Section 265(b)(3) of the Code, without necessity for further designation, by
<br />reason of subparagraph (D)(ii) of Section 265(b)(3) of the Code. Further, the
<br />City represents and covenants that, during any time or in any manner as might
<br />affect the status of the Note as a"qualified tax-exempt obligation", it has
<br />not formed or participated in the formation of, or benefited from or availed
<br />itself of, any ent.ity in order to avoid the purposes of subparagraph (C) or
<br />(D) of Section 265(b)(3) of the Code, and will not form, participate in the
<br />formation of, or benefit from or avail itself of, any such entity. The City
<br />further represents that the Note is not being issued as part of a direct or
<br />indirect composite issue that combines issues or lots of tax-exempt
<br />obligations of different issuers.
<br />Section 11. The Clerk of Council is directed to deliver a certified
<br />copy of this ordinance to the County Auditor.
<br />Section 12. This Council cleterinines that all acts and conditions
<br />necessary to be done or performed by the City or to have been met precedent to
<br />and in the issuing of the Note in order to make it a legal, valid and binding
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