1990 Rec./Disb./Resolutions & Minutes

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(e) the reuonably anticipated amount of tax-exempt obligations (other than private activity bonds. treating qualified 501(c)(3) bonds as not ,being priftte activity bonds) which will be issued by the City <and all subordinate entities of the City) during calendar year 1990 will not exceed $10,000,000; and (d) not more than $10,000,000 of obligations issued by the City during calendar year 1990 have been designated for purposes of Section 265(b)(3) of the C~e. ' 6.05. Tbe City will use its best efforts to comply with any federal procedural requirements which may apply In order to effectuate the designations made by this section. Section 1. Authentication of Transcript. 1.01. The officers of the City are hereby authorized and directed to prepare and furnish to the Purchaser and to the attorneys approving the Bonds, certified copies of proceedings and records of the City relating to the Bonds ,,<<and 'to the financial condition and affairs of the City, and such other certificates, affidavits and transcripts as may be required to show the facts within their knowledge or as shown by the books and records in their custody and under their control, relating to the validity and marketability of the Bonds and such instruments, including any heretofore furniShed, shall be deemed representations of the City as to the facts stated therein. 1.02. It is determined that no comprehensive Official Statement or offering material' has been prepared or circulated by the City in connection with the sale of the Bonds and that the City is relying on the investment representation of the Purchaser. in an investment letter of even date now on file with the Clerk- Administrator. The motion for adoption was duly seconded by Councilmember Haberman , and, upon vote being taken thereon, the fOllowing members voted in favor: Haberman, Zoff Pelton, Neumann, Peterson and the following voted against: None whereupon said resolution was declared duly passed and adopted.