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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 sh Ilse advised-from–t me 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 8th day of November, 1993 . <br /> ATTEST: <br /> Mayor - <br /> (SEAL: <br /> City Administrator <br />