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<br />. <br /> <br />. <br /> <br />. <br /> <br />BE IT FURTHER RESOLVED, that the City reasonably expects to <br />reimburse itself for the payment of certain costs of the project out of proceeds of a <br />bond issue to be issued after the date of payment of such costs. As of the date <br />hereof, the City reasonably expects that $2,178,054.46 is the maximum principal <br />amount of the Bonds which will be issued to finance the project. <br /> <br />BE IT FURTHER RESOLVED, that each expenditure to be reimbursed from <br />the Bonds is or will be a capital expenditure or a cost of issuance, or any of the <br />other types of expenditures described in Section 1.150-2(d)(3) of the Regulations. <br /> <br />Adopted this 10th day of May 2004. <br /> <br />ATTEST: <br /> <br />~ <br />i:Y<-6- &!J <br /> <br />Kurt Ulrich, City Administrator <br /> <br />(SEAL) <br />