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10/04/99 Special Meeting
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10/04/99 Special Meeting
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EXHIBIT A <br /> <br />Declaration of Official Intent <br /> <br /> The undersigned, being the duly appointed and acting <br />Secretary of the Economic Development Authority of the City of <br />Ramsey (the "Authority") pursuant to and for purposes of <br />compliance with Treasury Regulations, Section 1,150-2 (the <br />"Regulations"), under the Internal Revenue'Code of 1986, as <br />amended, hereby states and certifies on behalf of the Authority <br />as follows: <br /> <br /> 1. The undersigned has been and is on the date hereof duly <br />authorized by the Economic Development Authority of the City of <br />Ramsey Board of Commissioners to make and execute this <br />Declaration of Official Intent (the "Declaration") for and on <br />behalf of the Authority. <br /> <br /> 2. This Declaration relates to the following project, <br />property or program (the "Project") and the costs thereof to be <br />financed: <br /> <br />3. The Authority reasonably expects to reimburse itself <br />(or the City of Ramsey) for the payment of certain costs of the <br />Project out of the proceeds of a bond issue or similar borrowing <br />(the "Bonds") to be issued by the Authority after the date of <br />payment of such costs. As of the date hereof, the Authority <br />reasonably expects that $ is the maximum principal <br />amount of the Bonds which will be issued to finance the Project. <br /> <br /> 4. -Each expenditure to be reimbursed from the Bonds is or <br />will be a capital expenditure or a cost of issuance, or any of <br />the other types of expenditures described in Section 1.150- <br />2(d) (3) of the Regulations. <br /> <br /> 5. As of the date hereof, the statements and expectations <br />contained in this Declaration are believed to be reasonable and <br />accurate. <br /> <br />Date: <br /> <br />Secretary <br />Economic Development Authority <br />Of the City of Ramsey <br /> <br />lOgg210.1 <br /> <br /> <br />
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