Resolution 4447 - Laserfiche WebLink

Home Browse Search

RESOLUTION NO. 4447 PAGE 'PWO OF TWO . (b) Each Declaration shall (1) contain a reasonably accurate description of the "project", as defined in the Regulations (which may include the property or program to be financed, as applicable), to which the expenditure relates and (2) state the maximum principal amount of bonding expected to be issued for that project. (c) Care shall be taken so that the city, or its authorized representatives under this Resolution, not make Declarations in cases where the City doesn't reasonably expect to issue reimbursement bonds to finance the subject project costs, and the City officials are hereby authorized to consult with bond counsel to the city concerning the requirements of the Regulations and their application in particular circumstances. (d) The Council shall be advised from time to time on the desirability and timing of the issuance of reimbursement bonds relating to project expenditures for which the city has made declarations. 3. Reimbursement Allocations. The designated city officials shall also be responsible for making the "reimbursement allocations" described in the Regulations, being generally written allocations that evidence the City's use of the applicable bond proceeds to reimburse the original expendi t.ures . 4. Effect. This Resolution shall amend and supplement all prior eesolutions and/or procedures adopted by the City for compliance with the .(egulations (or their predecessor versions), and, henceforth, J.n the event of any inconsistency, the provisions of this Resolution shall apply and govern. Adopted this 8th day of November, 1993. ATTEST: ~~/~ .' Mayor_ ,/ (SEAL: ."," . ".. ...~ >:':', ' A" (, / . " (}-,.., '1 ( '") ~~',~ J. \/ /.. ,...:.c.0,><-.,('.9--' Ci ~y Admin1strator'-..~__ ., '. / .