Laserfiche WebLink
is made solely with respect to the Bonds, is irrevocable and is made before the <br />issuance of the Bonds. Said $1,665,000 allocated to the Authority bears a <br />reasonable relationship to the benefits received by the City from the Bonds issued <br />by the Authority, because the Bonds finance the construction of a fire station <br />located in and used by the City. The Authority shall accept this allocation by <br />issuing its Bonds and making a statement in its Nonarbitrage Certificate relating <br />to the Bonds. <br /> <br />9. Aggregation. The City and Authority will be aggregated and treated as <br />one issuer for purposes of said $5,000,000 limitation, and together will not issue <br />in 1999 more than $5,000,000 aggregate face amount of all tax-exempt bonds <br />(other than private activity bonds). <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by <br />Councilmember and upon vote being taken thereon, the following voted in <br />favor: <br /> <br />The following voted against the same: <br /> <br />And the following abstained: <br /> <br />And the following were absent: <br /> <br />Whereupon said resolution was declared duly passed and adopted by the Ramsey <br />City Council this 23'a day of November, 1999. <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br />City Administrator <br /> <br />1102688.1 <br /> <br />4 <br /> <br /> <br />