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I <br />I <br />I <br />I <br />I <br /> <br /> I <br /> <br /> I <br /> I <br /> I <br /> <br /> I <br /> I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br /> 3. Spri~gsted Incorporated is authorized and directed to negotiate the <br />Bonds in accordance with the foregoing Terms of Proposal. The City Council will <br />meet at 7:00 p.!m. on Tuesday, March 21, 1995, to consider proposals on the <br />Bonds and take any other appropriate action with respect to the Bonds. <br /> <br /> 4. The City reasonably intends to make expenditures for the project <br />described in Section 1 hereof and reasonably intends to reimburse itself for such <br />expenditures f~om the proceeds of the Bonds to be issued in the maximum <br />principal amou~lt of $2,600,000. <br /> <br /> 5. Thi_~'s resolution is intended to constitute a declaration of official <br />intent for purpbses of Treas. Reg. § 1.150-2 and any successor law, regulation, <br />or ruling. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded <br /> <br />by Couneilmem~er , and upon vote being taken thereon the <br /> <br />following members voted in favor of the motion: <br /> <br />and the following voted against: <br /> <br />whereupon the resolution was declared duly passed and adopted. <br /> <br />SJB84409 <br />RA125-36 <br /> <br /> <br />