Laserfiche WebLink
<br />O~ l-l <br /> <br />1 ':::'=--. <br /> <br />12:37 <br /> <br />L~r1r"1 =:,:7=':[',1 <br /> <br />:' -:- c- _ 1 <br />--- - <br /> <br />Section 4. Time Periods. Except for preliminary <br />expenditures, the expenditures to be made to acquire and construct <br />the Project shall be made by the City within two years from the <br />date of this Resolution. The reimbursement of such expenditures <br />from the proceeds of the Bonds shall occur not later than the <br />later of (i) one year after the date the expenditure is made, or <br />(11) one year after the date on which the Project was placed in <br />service. <br /> <br />Section 5. Public Availability of Resolution. Within <br />ten days after the date of this Resolution and continuing on every <br />business day to and including the date of issue of the Bonds, this <br />Resolution shall be continuously available for inspection by the <br />general public at the main administrative office of the City or at <br />the customary location of records of the City that are available <br />to the general public, during normal business hours of the City, <br />and shall be maintained or otherwise supervised by the Governing <br />Body of the City or by a person or entity authorized to act on <br />behalf of the city. <br /> <br />Section 6. Reasonableness of Declaration. This <br />declaration of official intent to reimburse expenditures for the <br />Project is consistent with the budgetary and financial <br />circumstances of the City as of the date of this Resolution. The <br />City does not have a pattern of failing to reimburse expenditures <br />for which official intent was declared and which were actually <br />paid by the City other than in circumstances that were unexpected <br />and beyond its control. <br /> <br />Section 7. Repealer. All acts, orders, resolutions, or <br />parts thereof, of the City that are inconsistent or in conflict <br />wi th this Resolution are hereby repealed to the extent only of <br />such inconsistency or conflict. <br /> <br />Section 8 . Effective Date. The provl.sl.ons of this <br />ReSOlution shall take effect immediately upon its adoption and <br />approval. <br /> <br />ADOPTED AND APPROVED This 21st day of January, 1992. <br /> <br />(SEAL) <br /> <br />~ "S>~~ <br /> <br />Mayor <br />Tom Davidson <br /> <br />ATTESTED: <br /> <br /> <br />- 2 - <br />