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City Engi r/Public Works Direc for <br />The C by the Internal Revenue Sere to dedai <br />intent to reirnb u p hosts from bond procaeds prier to encumbering <br />proms tests. Cry cil dctio is necessary to adopt the at a d #esolu� <br />dedat g 'the Cm's intent to finance tie Labs Addition Street Reo nstruct�ic <br />Profit with beds. <br />The Cry must etare its, intent that the City may finan this project with bond <br />proceeds. This is a non - binding declaration that must be done in order to <br />finance projects ' in this manner. Exhibit A of the Resolution notes the amount to <br />be bonded and is, consistent onsistent with the amount of the referendum. If the attached <br />resolution is not adopted, the City will be required to find alternate methods to <br />finance this project. <br />1. Not adopt Resolution No. 98 50. <br />2. Adopt Resolution No. 98 - 50 dedari <br />throudh bond nrocree#s.' <br />s intent to finance this p <br />