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DEC 12 2001 11:26 AM Frt BRIGGS & MORGAN 651 223 6450 TO 96514902292 P•08 <br />(b) the City hereby designates the Note as a qualified tax-exempt obligation for <br />purposes of Section 265(b)(3) of the Code; <br />(c) the reasonably anticipated amount of tax-exempt obligations (other than <br />obligati0ns described in clause (ii) of Section 265(b)(3)(C) of the Code) which will be issued by <br />the City (and a11 entities whose obligations will be aggregated with those of the City) during the <br />calendar year 2001 will not exceed $10,000,0(�U; and <br />(d) not more than $1 0,000,000 of obligations issued by the City during the calendar <br />year 2001 have been designated for purposes of Section 265(b)(3) of the Code. <br />Adopted by the City Council of City of �toseville, Minnesota, this 17`� day of December, <br />2001. <br />Mayor <br />Attest: <br />City Treasurer-Finance Director <br />� 3s�o}��z <br />