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NOW, THEREFORE, the Issuer declares: <br />Section 1. The Issuer finds and determines that the foregoing recitals are true and <br />correct. <br />Section 2. This declaration is made solely for purposes of establishing compliance <br />with the requirements of Section 1.150 -2 of the Treasury Regulations. This declaration does not <br />bind the Issuer to make any expenditure, incur any indebtedness, or proceed with the Project. <br />Section 3. The Issuer hereby declares its official intent to use proceeds of <br />indebtedness to reimburse itself for Reimbursement Expenditures. <br />Section 4. This declaration shall take effect from and after its adoption. <br />Adopted: August 7, 2001 <br />Lee Hunt <br />Mayor <br />ATTESTED: <br />Ma Kuc tZrator r <br />Gity A <br />in <br />8/219/159700 <br />