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expenditures for the Project a nd the principal amount of the bonds described in paragraph 2 are <br />consistent with the City’s budgetary and financial circumstances. No sources other than proceeds <br />of bonds to be issued by the City are, or are reasonably expected to be, reserved, allocated on a <br />long -term basis, or otherwise set aside pursuant to the City’s budget or financial policies to pay <br />such Project expenditures. <br /> <br /> 5. This Declaration is intended to constitute a declaration of official intent for <br />purposes of the Reimbursement Regulatio ns. <br /> <br /> <br />Adopted by the Council of the City of Lino Lakes this 27 th day of January, 2014 . <br /> <br /> <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br /> and was duly seconded by Council Member and <br />upon vote being taken the reon, the following voted in favor thereof: <br /> <br />The following voted against same: <br /> <br /> <br /> <br /> <br />_____________________ <br />Jeff Reinert, Mayor <br /> <br />ATTEST: <br /> <br />________________________ <br />Julianne Bartell, City Clerk <br /> <br /> <br /> <br /> <br />