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fi'om time to time that responsibility to other appropriate City employees. Each Declaration shall <br />comply with the requirements of the Regulations, including without limitation the following: <br /> <br /> (a) Each Declaration shall be made not later than 60 days after payment of the <br />applicable project cost and shall state that the City reasonably expects to reimburse itself <br />for the 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 to <br />and made a part of this Resolution, or in any other fore, at which may at the time comply <br />with the Regulations. <br /> <br /> (b) Each Declaration shall (1) contain a reasonably accurate description of the <br />"project," 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 /> <br /> (c) Care shall be taken so that the City, or its authorized representatives under <br />this Resolution, not make Declarations in'c'ases where the City doesn't reasonably expect <br />that reimbursement bonds will be issued to finance the subject project costs, and the City <br />officials are hereby authorized to cOnsult with bond counsel to the City concerning the <br />requirements of the Regulations and their application in particular circumstances. <br /> <br /> (d) The Council shall be advised from time to time on the desirability and <br />timing of the issuance of reimbursement bonds relating to project expenditures for which <br />the City has made Declarations. <br /> <br /> 3. Reimbursement Allocations. If the City is acting as the issuer of the <br />reimbursement bonds, the designated City officials shall also be responsible for making the <br />"reimbursement allocations" described in the Regulations, being generally written allocations <br />that evidence the City's use of the applicable bond proceeds to reimburse the original <br />expenditures. <br /> <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 Resolution <br />shall apply and govern. <br /> <br />Adopted this 14th day of March, 2000, by the Ramsey City Council. <br /> <br />1144832.1 2 <br /> <br /> <br />