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