Laserfiche WebLink
FMr -74 111'. j�ioiil I MW C Funita, <br />Oi <br />'b) the Bonds are not "pn*vate activity bonds" as defmedm' Section 141 of the Code- <br />(c) the City hereby designates the Bonds as "qualified tax-exempt obligations"" for <br />purposes of Section, 265(b)(3) of the Code; <br />:P <br />(d) the reasonably anticipated amount of tax-exempt obligations (other than private <br />activity bonds, treating qualified 501(c)(3) bonds, as not being private activity bonds) which, will <br />be 'issued by the City (and all entities treated as one issuer with the City, and all subordinate <br />entities whose obligations are treated asi, 'issued by the Clity) dufing this, calendar year 2,003 will <br />nA t exceed $10 00O 000- and <br />7 2 1 <br />(e) not more d= $ 1 0,000,0�00 of obligations, isisued by the City during -this calendar <br />year 20O�3 have been designated for purposes of Section, 265(bi)(3) of the Code., The City shall <br />use its, best efforts to comply with, any federal procedural requirements which may apply M' order <br />to effectuate the designation made by this paragraph. <br />0 a <br />264P Severabilj!y. If any section, paragraph or Provision oflthis resolution shall be hel <br />to be invall"d or unenforceable for any reason, the m'validity or unenforceability, of such seciflon, <br />0 0 W v <br />para.graph or provision shall not affect any of the rem ining pro,, isions of this resolution. <br />20 <br />149302M <br />