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<br />7.03. III order to qualify the Bond. a. "qualified tax-exempt obliga- <br />tions" within the .eaniDg of SectioD 26S(b)(3) of the Code. the City hereby <br />..ke. the followiDI factual stat..ellts and repre.eDtatioas: <br /> <br />(a) The Bonds are Ilot "private activity bOllds" as defilled ill <br />Section 141 of the Code; <br /> <br />(b) the City hereby desipate. the Bonds as "qualified tax-ex- <br />empt oblilatiODS" for purpo.es of Section 26S(b) (3) of the Code; <br /> <br />(c) the reuonably anticipated aaoullC of taz-ex.pt obl1aatiODS <br />(other thaD private activity bODds. treatillg qualified SOI(c)(3) bond. <br />as DOt being private activity bonds) which vUI be issued by the, City <br />(aDd aU _bordiDat. entitie. of the' Coullty) durin I calendar year 1987 <br />will IlOt. Bceeel $10,000,000; aDd <br /> <br />Cd) DOt .ore thaD $10.000.000 of obl:1gatioll8 b_ed by- the City <br />dur:1Dgcalea4ar year 1988 haY. beau de.:1gDated for purpo... of Section <br />265(b)(3) of the Cod.. <br /> <br />TIle City ahal1 use ita be.t' .ffort. to coaply with ay federal pzoCedur&1. <br />nquir8MDu which ..y applY' :1D order to effectuate the de.ignation Md. by <br />t:hi.. .ection. <br /> <br />( <br /> <br />Th. aotioa. for the adoption of th. forelo1Dc r..olut:1.cm. .. duly <br /> <br />..cOlUled. by' H_er <br /> <br />Fr1 tch1a <br /> <br />ad upolt vote beiDg; taken ch.r_. the <br /> <br />fo11.cnr:11l& voted. :1D. favor thereof: <br />L'All1er.. Fr1tch1e.. :;.;-,---:-: Neumann,.. WHharber.. Burgstahler <br />ad. the follow:1D& voted aaa:1Dat: <br />None- <br /> <br />wh.reupoll Mid resolution ... declared duly ,.s.ect ad _opted. <br /> <br />I <br />" <br />