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Resolution 2005-052
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Resolution 2005-052
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8/5/2025 2:40:27 PM
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resolution, therefore, is determined to be consistent with the budgetary and financial <br />circumstances of the City as they exist or are reasonably foreseeable on the date hereof. <br />4. Reimbursement Allocations. The Finance Director of the City shall be responsible for <br />making the "reimbursement allocations" described in the Regulations, being generally the <br />transfer of the appropriate amount of proceeds of the Bonds to reimburse the source of temporary <br />financing used by the City to make payment of the prior costs of the Project. Each allocation <br />shall be evidenced by an entry on the official books and records of the City maintained for the <br />Project and shall specifically identify the actual original expenditure being reimbursed. <br />
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