CCAgenda_93Apr14 - Laserfiche WebLink

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APR 08 '93 12 :01PM EHLERS ASSOCIATES P.20/23 as shall be required, without reinvestment, to pay all principal and interest to become due thereon to maturity or, if notice of redetnption as herein required h been duly provided for, to such earlier redeatption date. Sectket 6. Ceu.n u. tratio of d Tees. do The City Clerk is hereby authorized 6.01. County Auditor_R+i� and directed to file a Auditor of d copy of this Resolution with the County Auditor shall Ramsey County, together with such other information as the County require, and to obtain from said County Auditor a cite that the Bonds have been entered on his bond register and the taxes described in Section 4.05 hereof have been levied as required by law. 6.02. Certification of Pro The officers of the City and the County Auditor of Ramsey County are hereby authorized and directed to prepare and furnish to the Purchaser and to Dorsey Whitney, Bond Counsel to the City, certified copies of all proceedings and records of the City, and such other affidavits, certificates and information as may be required to show the facts relating to the legality and marketability of and Bonds as otherwise known them, and all records under their custody such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed reputations of the City as to the facts recited therein. 6.03. CRXt. The City covenants and agrees with the holders from time to time of the Bonds that it will not tone or permit to be taken by any of its officers, employees or agents any action which would cause the interest on the Bonds to become subject to taxation under the Internal Revenue Code of 1966, as amended (the Code), and Regulations promulgated thereunder (the Regulations), as such are enacted or promulgated and in effect on the date of issue of the Bonds, and covenants to take any and all actions within its powers to ensure that the interest on the Bonds will not become subject to taxation under such Code and Regulations. The Improvements are public improvements available for use by members of the general public on a substantially equal basis. The City will not enter into any lease, use agreement or other contract respecting the Improvements which would cause the Bonds to be considered "private activity bonds" or "private loan bonds" pursuant to Section 141 of the Code. For purposes of canplyi,ng with the requirements of Section 148(fl(4)(C) of the Code relating to the exemption of certain small governmental units from the rebate requirements of the Code, the City represents (i) the City is a governmental unit with general taxing powers; -17-