1992 - 05-04-92 Regular Meeting - Laserfiche WebLink

Home Browse Search

0 0 11 DECLARA QN OF OFFICIAL INTENT TO R MBURSE /If This declaration (the "Declaration") is made pursuant to the requirements of United States Treasury Regulations Section 1.103-18 and is intended to constitute a Declaration of Official Intent to Reimburse under such Treasury Regulations Section. The undersigned is authorized to declare the official intent of the (the "Issuer") with respect to the matters contained herein. Cl. Expenditures to be Incurred. The Issuer anticipates incurring expenditures (the "Expenditures") for a highway capital improvement program (hospital equipment acquisition, school building renovation, rehabilitation of an office building) (the "Program").] Cl. Funds to be Expended. The Issuer intends to incur expenditures (the "Expenditures") from its parks and recreation fund (capital improvement fund, police and fire equipment fund, etc.)". The general functional purpose of such fund is to finance capital improvements to the Issuer's park and recreation system (capital assets, police and fire equipment, etc.) (the "Program").] 2. Plan of Finance. The Issuer intends to finance the cost of the Program described above with the proceeds of debt to be issued by the Issuer (the "Bonds"). 3. Maximum Principal Amount of Debt to be Issued. The maximum principal of Bonds to be issued by the Issuer to finance the Program is $ 4. Declaration of Official Intent to Reimburse. The Issuer hereby declares its official intent to reimburse itself with the proceeds of the Bonds for any of the Expenditures incurred by it prior to the issuance of the Bonds. Dated: Title: If the expenditure is to occur initially from a General Fund, option 1, in which the Program is described, should be used because a greater degree of specificity is required in the identification than is provided by a description of the function of a general fund.