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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 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 />5. This Declaration is intended to constitute a declaration of official intent for <br />purposes of the Reimbursement Regulations. <br />Adopted by the Council of the City of Lino Lakes this 27th day of January, 2014. <br />The motion for the adoption of the foregoing resolution was introduced by Council Member <br />Roeser and was duly seconded by Council Member Kusterman and <br />upon vote being taken thereon, the following voted in favor thereof: <br />Roeser, Kusterman, Stoesz, Rafferty, Reinert <br />The following voted against same: <br />none <br />ATTEST: <br />nne Bartell, Ci Cler <br />ef <br />Jeff Reine , , eryor <br />