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books or records of the City with respect to the bonds; (2) the entry specifically identifies an actual expenditure to be reimbursed; and (3) the allocation is effective to relieve the bond proceeds from restrictions on unspent proceeds under applicable documents and state laws. / 1.09 None of the proceeds of the bonds issued to reimburse the City for expenditures will be used (i) to refund another tax-exempt governmental issue or (ii) to create or increase the balance in a sinking fund or replace funds used for such purpose, or (iii) to create or increase the balance in a reserve or replacement fund or replace funds used for such purposes, or (iv) to reimburse an expenditure originally paid with the proceeds of another tax-exempt bond obligation; unless (i) such amounts are deposited in a bona fide debt service fund, or (ii) the original tax- exempt issue was not reasonably expected to be used to finance the expenditure. Section 2. Intent Declared. 2.01 The City reasonably expects to expend moneys after the date hereof from the sources described in Exhibit A on a temporary basis to pay the expenditures described in Exhibit A. The City reasonably expects to reimburse itself for such expenditures from the proceeds of taxable or tax-exempt bonds, the debt service for which is expected to be paid from the sources described in Exhibit A. 2.02 The City also expended certain moneys between September 8, 1989 and the date hereof from the sources described in Exhibit A. At the time of those expenditures, the City reasonably expected to reimburse the expenditures from the proceeds of taxable or tax exempt bonds, the debt service for which is expected to be paid from the sources described in Exhibit A. Objective evidence of the City's reasonable expectations regarding such reimbursement is summarized in Exhibit B. 2.03 The City Finance Director is authorized to designate appropriate additions to Exhibit A in circumstances where time is of the essence, and any such designation shall be reported to the City Council at the earliest practicable date and shall be filed with the official books and records of the City at the times and in the manner provided in Section 2.04. 2.04 This resolution shall be maintained as part of the books and records of the City at City Hall, and shall be continuously available during normal business hours of the City on every business day of the period beginning not more than 10 days after adoption of this resolution and ending on the last date of issue of any bonds issued to reimburse expenditures described in Exhibit A. 2.05. This Resolution is an expression of the reasonable expectations of the City based on the facts and circumstances known to the City as of the date hereof. The anticipated reimbursements set forth at Exhibit A are consistent with the City's budgetary and financial circumstances. No sources other than those described at Exhibit A are expected to be allocated to such expenditures on a long term basis pursuaI).t to the City's budget. The City has not made any allocation, budget, or restriction of moneys or adopted any requirement or policy to reimburse a fund, the primary purpose of which is to prevent moneys from being deemed to be available to pay an expenditure the City intends to reimburse with proceeds of a borrowing. ' 2