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• <br />4. This Declaration is an expression of the reasonable expectations of the City based <br />on the facts and circumstances known to the City as of the date hereof. The anticipated original <br />expenditures for the Project and 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 <br />proceeds of bonds to be issued by the City are, or are reasonably expected to be, reserved, <br />allocated on a long -term basis, or otherwise set aside pursuant to the City's budget or financial <br />policies to pay such Project expenditures. <br />5. This Declaration is intended to constitute a declaration of official intent for <br />purposes of the Reimbursement Regulations. <br />Approved by the City Council of the City of Lino Lakes this 1 lth day of April, 2005. <br />Attest: <br />SJB- 254624v1 <br />LN 140 -87 <br />- 11 0 - <br />CITY OF LINO LAKES, MINNESOTA <br />May., John ergeson <br />