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Last modified
7/21/2008 1:19:46 PM
Creation date
7/21/2008 1:19:08 PM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
6/9/2008
Resolution #
10634
Resolution Date Passed
6/9/2008
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EXHIBIT A <br />Declaration of Official Intent <br />The undersigned, being the duly appointed and acting Finance Director of the City of Roseville, <br />Minnesota (the "City"), pursuant to and for purposes of compliance with Treasury Regulations, Section <br />1.150-2 (the "Regulations"), under the Internal Revenue Code of 1986, as amended, hereby states and <br />certifies on behalf of the City as follows: <br />1. The undersigned has been and is on the date hereof duly authorized by the City Council <br />of the City to make and execute this Declaration of Official Intent (the "Declaration") for and on behalf <br />of the City. <br />2. This Declaration relates to the following project, property or program (the "Project") and <br />the costs thereof to be financed: <br />Renovation of the City's ice arena equipment to include replacement of the refrigeration system, <br />including piping and flooring, and replacement of the dasher boards. <br />3. The City reasonably expects to reimburse itself for the payment of certain costs of the <br />Project out of the proceeds of a bond issue or similar borrowing (the "Bonds") to be issued after the date <br />of payment of such costs. As of the date hereof, the City reasonably expects that $ 2 , S- iyr,`//~'oh <br />is the maximum principal amount of the Bonds which will be issued to finance the Project. <br />4. Each expenditure to be reimbursed from the Bonds is or will be a capital expenditure or <br />a cost of issuance, or any of the other types of expenditures described in Section 1.150-2(d)(3) of the <br />Regulations. <br />5. As of the date hereof, the statements and expectations contained in this Declaration are <br />believed to be reasonable and accurate. <br />Date: June 9, 2008. <br />. < :~'-~L <br />C 'stopher K. Miller <br />Finance Director <br />City of Roseville, Minnesota <br />
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