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<br />-. <br /> <br />ED:rBI~ A <br />Declaration of Official Intent <br /> <br />The unaE:rsigned, beinq the duly appoint.ed ~d actin9 city <br />e.liA k:.--N I/"V\..~ of the city of [City], Minnesota (the "City"), <br />pursuant to and for purposes of coapliance with Treasury <br />Re9Ulations, section 1.150-2 (the "Regulations"), under the <br />Internal Revenue Code of 1986, as amended, hereby sta'tss and <br />cer~ifies on behalf o~ the city as follows: <br /> <br />1. The urldersi911ed has been and is on the date hereof dUly <br />authorized ~. the (City] city Council to make and execute this <br />Dec::larationl)f Official Intent (the "Declaration") tor and on <br />behalf at the Ci.ty. . <br /> <br />2. This Declaration relates to the follovin9 project, <br />property or pro9'ram (the "Project") and the costs thereof to be <br />financed: <br /> <br />3 . ThE! Ci.ty reasonably expects to reimburse itself for the <br />payment of cElrti1in costs of 'the Proj ect out of the proc8caQS of a <br />~nd issue oz' sj~ilar borrowinq (the "Bonds") to be issued by the <br />Ci t:y after t:he date of payment of such costs. As of. _ the date <br />hereof I the ci t:y reasonably expec'ts that $2\-)4 _ (n'1 (,.,. ~ is thQ <br />maxiJDUJD prin.=ipal amount of the Bonds "hich~ssued to <br />f inanee 'the l'ra:1 sct .. <br /> <br />4 .. Ea(:b expenditure to be rei.Jabursed fro1ll the Bonds is or <br />.will be a caF,i1:al -*penditure or acos't ot issuance, or. any. of the <br />other types of expenditures described in Section 1.~SO-2(d) (3) of <br />the Regulations. <br /> <br />:". 5 .. AS of the' date hereof I the st.atements and expectations <br />;contained. .intbis ~Declaration arebelJ.aved .:to.bereasonahl.e:,,:and <br />aecurat:e.. <br /> <br />Date: _Un.! ~~) ~b <br /> <br />~ <br />city ~ to tt \t _ a~ '(") ,5t\TCl h;r <br />city 0 (City], nne:Jota <br /> <br />\ <br />~. ./ <br /> <br />20103 <br />