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previously paid project expenditures out of the proceeds of subsequently issued bonds. The City <br />Council hereby authorizes the City Administrator of the City to make the City ’s Declarations or to <br />delegate from time to time that responsibility to other appropriate City employees. Each Declaration <br />shall comply with the requirements of the Regulations, including without limitation the following; <br />(a) Each Declaration shall be made not later than 60 days after payment of the <br />applicable project cost and shall state that the City reasonably expects to reimburse itself for <br />the expenditure out of the proceeds of a bond issue or similar borrowing. Each Declaration <br />may be made substantially in the form of the Exhibit A which is attached to and made a part <br />of this Resolution, or in any other format which may at the time comply with the <br />Regulations. <br />(b) Each Declaration shall (I) contain a reasonably accurate description of the <br />"project," as defined in the Regulations (which may include the property or program to be <br />financed, as applicable), to which the expenditure relates and (2) state the maximum <br />principal amount of bonding expected to be issued for that project. <br />(c) Care shall be taken so that the City, or its authorized representatives under this <br />Resolution, not make Declarations in cases where the City does not reasonably expect to <br />issue reimbursement bonds to finance the subject project costs, and the City officials arc <br />hereby authorized to consult with bond counsel to the City concerning the requirements of <br />the Regulations and their application in particular circumstances. <br />(d) 2 he City shall be advised from time to time on the desirability and timing of <br />the issuance of reimbursement bonds relating to project expenditures for which the City has <br />made Declarations. <br />Reimbursement Allocations . The Jesipnated City officials shall also he responsihle <br />lor making the "reimbursement allocations" described in the Regulations, being generally written <br />allocations that evidence the City ’s use of the applicable bond proceeds to reimburse the original <br />expenditures. <br />4.Effect . Tliis Resolution shall amend and supplement all prior resolutions aniTor <br />procedures adopted by the City for compliance with the Regulations (or their predecessor versions), <br />and, henceforth, in the event of any inconsistency, the provisions of this Resolution shall apply and <br />govern. <br />Page 2 of3 <br />L J