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EXHIBIT A <br /> <br />Declaration of Official Intent <br /> <br /> The undersigned, being the active City Administrator of the City of Ramsey pursuant to <br />and for purposed of compliance with Treasury Regulations, Section 1.150-2 (the "Regulations"), <br />under the Internal Revenue Code of 1986, as amended, hereby states and certifies on behalf of <br />the City of Ramsey as follows: <br /> <br />The undersigned has been and is on the date hereof duly authorized <br />by the Ramsey City Council to make and execute this Declaration <br />of Official Intent (the "Declaration") for and on behalf of the City. <br /> <br />This Declaration relates to the following project, property, <br />or program (the "Project") and the costs to be financed: <br /> <br />NW/NE Sanitary Sewer and Watermain Extension <br /> <br />The City reasonably expects to reimburse itself for the payment of <br />certain costs of the Project out of the proceeds of a bond issue or <br />similar borrowing (the "bonds") to be issued by the City after the <br />date of payment of such costs. As of the date hereof, the City <br />reasonably expects that $12,000,000 is the maximum principal <br />amount of the Bonds which will be issued to finance the Project. <br /> <br />Each expenditure to be reimbursed from the Bonds is or <br />will be a capital expenditure or a cost of issuance, or any of the <br />other types of expenditures described in Section 1.150-2(d)(3) of <br />the Regulations. <br /> <br />As of the date hereof, the statements and expectations contained in <br />this Declaration are believed to be reasonable and accurate. <br /> <br />Date: <br /> <br />James E. Norman, City Administrator <br />City of Ramsey <br /> <br />Resolution #5-11-366 <br />Page 4 of 4 <br /> <br /> <br />