HomeMy WebLinkAboutBPW-09-09-92-05 Reimburse Exp Resolution- BW-9-9-92-5
DF-CLARATION OF OFFICIAL INTF, NT
TO RElh4BURSF, EXPENDITURES
WHEREAS, the {~th~ of ~ ' (the "City")2 intends to acquire, lease, construct
or rehabilitate
(the "Project"); and
WHEREAS, the City reasonably expects to reimburse certain costs of the Project with
proceeds of debt to be incurred by the City; and
WHEREAS, the City expects to issue debt for the Project and to use up to
$ ~ ~c5, 6~D of proceeds to reimburse costs of the Project $ c~,trr~j~ of
which is expected to be used to reimburse expenses of the Project paid prior to the issuance of
the debt; and
WHEREAS, the City will file a copy of this Declaration of Official Intent with the Clerk-
Treasurer of the City within 30 days of the date of this Declaration, where such Declaration will
be available for review by the general public; and
WHEREAS, the City intends that this Declaration of Official Intent to Reimburse
Expenditures constitute a declaration of official intent pursuant to Treas. Reg. § 1.103-18 (1992);
NOW, THEREFORE, BE IT RESOLVED that the City declares its official intent
pursuant to Treas. Reg. §1.103-18 (1992) to acquire, construct or rehabilitate, and equip the
Project; to reimburse up to $ (iz~~ e~ei'~s. of the costs of acquiring, constructing or
rehabilitating, and equipping the Project with proceeds of debt to be incurred by the City for
purposes of paying or reimbursing costs of the Project $ ~,.~:e~.~ ~ of which is expected
to be used to reimburse expenses of the Project paid prior to the issuance of the debt.
IDDO3E66.WP5
Adopted this IF~ day of~' 1992.
~ ,
(SEAL)
Attest:
,TZl~rk'-Treasurer ~f
[INSERT NAME OF ADOPTING BODY]
Presented by me to the Mayor of the City of~6
-%p~, 1992, at the hour of '7: O__O_P.M.
, Indiana, on the .
q~'~"day of
, ,_ L:lerk-Treasurer /fit'
Approved and signed by me thi;st~ day of'e'e'e'e'e'e'e'e'~' , 1992, at the hour of 7' : ~._~.M.
Mayo~
IDDO3E66.WP5
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e
Insert legal name of entity.
A more appropriate term such as the "County," "Town," "District," "Hospital" or the
"Corporation" may be substituted for the "City" here and throughout the Declaration.
Provide a general functional description of the property, project or program to be
acquired, constructed or rehabilitated. For example, "highway capital improvement
program," "hospital equipment acquisition," or "school building renovation." The
property, project or program may be described by identifying the fund or account from
which the expenditure will be paid and describing the general functional purpose of the
fund or account: for example, "parks and recreation fund--recreational facility capital
improvement program." Reasonable deviations between the property, project or program
described and the actual property, project or program financed with reimbursement bond
proceeds will not invalidate an otherwise valid official intent if the actual property,
project or program financed is reasonably related in function to the project described in
the declaration of official intent.
IDD03E66.WP5
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