My WebLink
|
Help
|
About
|
Sign Out
Home
res_10826
Roseville
>
City Council
>
City Council Resolutions
>
10xxx
>
10800
>
res_10826
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/3/2010 12:53:27 PM
Creation date
8/3/2010 12:51:00 PM
Metadata
Fields
Template:
Roseville City Council
Document Type
Council Minutes
Meeting Date
7/19/2010
Resolution #
10826
Resolution Title
RESOLUTION ESTABLISHING PROCEDURES RELATING TO COMPLIANCE WITH REIMBURSEMENT BOND REGULATIONS UNDER THE INTERNAL REVENUE CODE
Resolution Summary
Establishing Procedures Relating to Compliance with Reimbursement Bond Regulations Under the Internal Revenue Code
Resolution Date Passed
7/19/2010
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
4
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
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 />• 2010 Purchase of a Fire Department Vehicle - $600,000. <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 $600,000 is the <br />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: July 19, 2010. <br />Christopher K. Miller <br />Finance Director <br />City of Roseville, Minnesota <br />
The URL can be used to link to this page
Your browser does not support the video tag.