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governmental activities of the City (or of a governmental unit - <br />the jurisdiction of which is entirely within the jurisdiction of <br />the City), and (4) the aggregate face amount of all tax-exempt_ <br />bonds {other than private activity bonds) issued by--the-City-(and- <br />all.subordinate entities thereof, and all- entities treated as - one_ <br />issuer with the City) during the calendar year in which the Bonds <br />are issued and outstanding at one time is not reasonably expected <br />-'to -exceed $5, 000, 000, .all within the meaning of - Section .-....__ <br />148 (f) (4) (E) of the Code. - - <br />::::_ .. 30. <br />Designation of Qualified Tax=Bxemnt-QbJj4WI ori..... <br />-= Iii' order to qualify the Bonds as "qualified tax-exempt <br />�obiigations" within the meaning of Section 265(b)(3)--®f-the-Code, <br />`The City hereby makes the following factual -statements and <br />representations: <br />(a) the Bonds are issued after August 7, 1986; <br />(b) the Bonds are not "private activity bonds" as.. <br />defined in Section 141 of the Code;- -- -- -- - <br />(c) the City hereby designates the Bonds as <br />"qualified tax-exempt obligations" for purposes of <br />Section 265(b)(3) of the Code; <br />(d) the reasonably anticipated amount of <br />tax-exempt obligations.(other than private activity <br />bonds, treating qualified 501(c)(3) bonds as not being <br />private activity bonds) which will be issued by the <br />City (and all entities treated as one issuer with the <br />City, and all subordinate entities whose obligations <br />are treated as issued by the City) during this calendar <br />year 1998 will not exceed $10,000,000; <br />(e) not more than $10,000,000 of obligations <br />issued by the City during this calendar year 1998 have <br />been designated for purposes of Section 265(b)(3) of <br />the Code; and <br />(f) the aggregate face amount of the Bonds does <br />not exceed $10,000,000. <br />The City shall use its best efforts to comply with any federal <br />procedural requirements which may apply in order to effectuate <br />the designation made by this paragraph. <br />31. Sui gplemental Resolution. The Prior Resolution is <br />hereby supplemented to the extent necessary to give effect to the <br />provisions of this resolution. <br />913727.01 24 <br />