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1992-003 Council Resolution
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1992-003 Council Resolution
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1/25/2016 1:42:34 PM
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1/25/2016 12:45:29 PM
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City Council
Council Document Type
Resolutions
Meeting Date
01/13/1992
Council Meeting Type
Regular
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5. The reasonably expected sources of funds to be used by the <br />City to pay the debt service on the bonds are as follows: <br />6. As of the date hereof, there are no sources of City funds <br />which are or are reasonably expected to be allocated or available <br />on a long-term basis, reserved, or otherwise available pursuant to <br />the City's budget to provide permanent financing for the Costs, <br />other than pursuant to the subsequent issuance of the Bonds. <br />Furthermore, there has been no allocation, budgeting, or <br />restriction of moneys (or the adoption of a requirement or policy <br />to reimburse a fund) the primary purpose of which is to prevent <br />moneys from said source to be available on a long-term basis to pay <br />the Costs. On the basis of the foregoing, the statements and <br />certifications contained in this Declaration are believed to be <br />reasonable and accurate, and this Declaration is believed to be <br />consistent with the City's budgetary and financial circumstances as <br />they exist or are foreseeable on the date hereof, all within the <br />meaning and content the regulations. <br />7. This Declaration is and shall remain a part of the <br />publicly available official books, records, or proceedings of the <br />City and shall be continuously available for inspection by the <br />general public at City Hall during regular City hours for a period <br />not ending earlier than the day after the issuance of the Bonds. <br />IN WITNESS WHEREOF, the undersigned has executed this <br />Declaration and placed it on file i e official City records this <br />13th day of January, 1992. <br />City Administrator <br />City of Lino Lakes, Minnesota <br />
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