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bonds. The Council hereby authorizes the Administrator to make the City's Declarations <br />or to delegate from time to time that responsibility to other appropriate City employees. <br />Each declaration shall comply with the requirements of the Regulations, including <br />without limitation the following: <br />a. Each Declaration shall be made not later than 60 days after payment of the applicable <br />project cost and shall state that the City reasonably expects to reimburse itself for the <br />expenditure out of the proceeds of a bond issue or similar borrowing. Each <br />Declaration may be made substantially in the form of the Exhibit A which is attached <br />to and made a part of this Resolution, or in any other format which may at the time <br />comply with the Regulations. <br />b. Each Declaration shall (1) contain a reasonably accurate description of the "project" <br />as defined in the Regulations (which may include the property or program to be <br />financed, as applicable), to which the expenditure relates and (2) state the maximum <br />principal amount of bonding expected to be issued for that project. <br />c. Care shall be taken so that the City, or its authorized representatives under this <br />Resolution, not make Declarations in cases where the City doesn't reasonably expect <br />that reimbursement bonds will be issued to finance the subject project costs, and the <br />City officials are hereby authorized to consult with bond counsel to the City <br />concerning the requirements of the Regulations and their application in particular <br />circumstances. <br />d. The Council shall be advised from time to time on the desirability and timing of the <br />issuance of reimbursement bonds relating to project expenditures for which the City <br />has made Declarations. <br />3) Reimbursement Allocations. If the City is acting as the issuer of the reimbursement <br />bonds, the designated City officials shall also be responsible for making the <br />"reimbursement allocations" described in the Regulations, being generally written <br />allocations that evidence the City's use of the applicable bond proceeds to reimburse the <br />original expenditures. <br />4) Effect. This Resolution shall amend and supplement all prior resolutions and/or <br />procedures adopted by the City for compliance with the Regulations (or their predecessor <br />versions), and, henceforth, in the event of any inconsistency, the provisions of this <br />Resolution shall apply and govern. <br />Resolution #09-10-241 <br />Page 2 of 4 <br />