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<br />. \ <br /> <br />(a) Each Declaration shall be made not later than 60 days after payment of the <br />applicable project cost and shall state that the City reasonably expects to reimburse itself <br />for the expenditure out of the proceeds of a bond issue or similar borrowing. Each <br />Declaration may be made substantially in the form of the Exhibit A which is attached to <br />and made 'a part of this Resolution, or in any other format which may at the time comply <br />with the Regulations. <br /> <br />(b) Each Declaration shall (1) contain a reasonably accurate description of the <br />"project," as defined in the Regulations (which may include the property or program to be <br />financed, as applicable), to which the expenditure relates and (2) state the maximum <br />principal amount of bonding expected to be issued for that project. <br /> <br />(c) Care shall be taken so that the City, or its authorized representatives under <br />this Resolution, not make Declarations in cases where the City doesn't reasonably expect <br />that reimbursement bonds will be issued to finance the subject project costs, and the City <br />officials are hereby authorized to consult with bond counsel to the City concerning the <br />requirements of the Regulations and their application in particular circumstances. <br /> <br />(d) The Council shall be advised from time to time on the desirability and <br />timing of the issuance of reimbursement bonds relating to project expenditures for which <br />the City has made Declarations. <br /> <br />3. Reimbursement Allocations. If the City is acting as the issuer of the <br />reimbursement bonds, the designated City officials shall also be responsible for making the <br />"reimbursement allocations" described in the Regulations, being generally written allocations that <br />evidence the City's use of the applicable bond proceeds to reimburse the original expenditures. <br /> <br />4. Effect. This Resolution shall amend and supplement all prior resolutions and/or <br />procedures adopted by the City for compliance with the Regulations (or their predecessor <br />versions), and, henceforth, in the event of any inconsistency, the provisions of this Resolution <br />shall apply and govern. <br /> <br />Adopted this <br /> <br />day of <br /> <br />, 2002, by the Centerville City Council. <br /> <br />1382917vl <br /> <br />2 <br />