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• <br />1146366.1 <br />The City hereby certifies and /or covenants as follows: <br />(a) Not later than 60 days after the date of payment of a <br />Reimbursement Expenditure, the City (or person <br />designated to do so on behalf of the City) has made or <br />will have made a written declaration of the City's <br />official intent (a "Declaration ") which effectively (i) <br />states the City's reasonable expectation to reimburse <br />itself for the payment of the Reimbursement Expenditure <br />out of the proceeds of a subsequent borrowing; (ii) <br />gives a general and functional description of the <br />property, project or program to which the Declaration <br />relates and for which the Reimbursement Expenditure is <br />paid, or identifies a specific fund or account of the <br />City and the general functional purpose thereof from <br />which the Reimbursement Expenditure was to be paid <br />(collectively the "Project "); and (iii) states the <br />maximum principal amount of debt expected to be issued <br />by the City for the purpose of financing the Project; <br />provided, however, that no such Declaration shall <br />necessarily have been made with respect to: (i) <br />"preliminary expenditures" for the Project, defined in <br />the Reimbursement Regulations to include engineering or <br />architectural, surveying and soil testing expenses and <br />similar prefatory costs, which in the aggregate do not <br />exceed 200 of the "issue price" of the Certificates, <br />and (ii) a de minimis amount of Reimbursement <br />Expenditures not in excess of the lesser of $100,000 or <br />5 of the proceeds of the Certificates. <br />(b) Each Reimbursement Expenditure is a capital expenditure <br />or a cost of issuance of the Certificates or any of the <br />other types of expenditures described in Section 1.150 - <br />2(d)(3) of the Reimbursement Regulations. <br />(c) The "reimbursement allocation" described in the <br />Reimbursement Regulations for each Reimbursement <br />Expenditure shall and will be made forthwith following <br />(but not prior to) the issuance of the Certificates and <br />in all events within the period ending on the date <br />which is the later of 18 months after payment of the <br />Reimbursement Expenditure or one year after the date on <br />which the Project to which the Reimbursement <br />Expenditure relates is first placed in service, but not <br />more than three years after the date of the <br />Reimbursement Expenditure. <br />(d) Each such reimbursement allocation will be made in a <br />writing that evidences the City's use of Certificate <br />proceeds to reimburse the Reimbursement Expenditure <br />and, if made within 30 days after the Certificates are <br />19 <br />