Laserfiche WebLink
j- <br />Maturity <br />Principal <br />Amounts <br />Interest <br />Ra.te Mafnrity <br />Principal Interest <br />Rate <br />1994 <br />1995 <br />1996 <br />1997 <br />1998 <br />1999 <br />2000 <br />2001 <br />2C02 <br />2003 <br />2004 <br />2005 <br />2006 <br />2007 <br />2000 <br />Said of is hereby accepted and the Chairman and the Secretary <br />are hereby authorized and directed to execute a contract on the <br />part of the Authority for the sale of the Bonds to the Purchaser. <br />Section 8. The Official Statement prepared and <br />distributed on behalf of the Authority by Ehlers and Associates, <br />Inc. is hereby approved and the determination of the Secretary <br />that the Official Statement has been deemed final for purposes of <br />SEC Rule lSc2-12(b)(1) is hereby ratified and confirmed. The <br />officers of the Authority are hereby authorized and directed to <br />execute such certificates as may be appropriate concerning the <br />accuracy# con^leteness and sufficiency of the Official Statement <br />and to deliver to the Purchaser within seven business days after <br />the date of adoption of this resolution copies of the Official <br />Statement in accordance with the Terms and Conditions of Sale, <br />supplemented so as to contain the terms of the Bonds as set forth <br />in this resolution and the reoffering and other information <br />provided by the Purchaser for inclusion in the Official Statement. <br />Section 9. Arbitrage Rebate Exemption. (a) The <br />Authority hereby represents that the Bonds qualify for the <br />exception for small governmental units to the arbitrage rebate <br />provisions contained in Section 148(f) of the Code. Specifically, <br />the Authority represents: <br />(1) Substantially all (nc~ less than 95%) of the <br />proceeds of the Bonds (except for amounts to be applied to <br />the payment of costs of Issuance and amounts to be deposited <br />in the Bond Fund pursuant to Section 4.02) will be used for <br />local governmental activities of the Authority and the City. <br />(2) The City has allocated to the Authority a portion <br />of the City's $5,000,000 small issuer exemption from <br />arbitrage rebate in the amount of $4,000,000 with respect to <br />the Bonds. <br />(2) The aggregate face amount of all "tax-exempt bonds" <br />(including warrants, contracts, leases and other <br />indebtedness, but excluding private activity bonds) issued by <br />or on behalf of the Authority and all subordinate entities <br />-4-