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r f <br />r> <br />,kv; <br />■ <br />;)"^ V: <br />ffe' <br />!T/ ■ <br />i- <br />r: <br />'1*' ..!> . <br />t-r' <br />;i'‘' <br />f‘ <br />• ■ <br />4'^ <br />|:f. <br />jAiVy. <br />thereof during 1991 is not reasonably expected to exceed <br />$4,000,000. To date in 1991, the / uthority has issued no <br />such tax'>exeng>t bonds. <br />(b) If notwithstanding the provisions of paragraph (a) <br />of this Section, the arbitrage rebate provisions of Section 148(f) <br />of the Code apply to the Bonds, the Authority hereby covenants and <br />agrees to make the determinations, retain re^ rds and rebate to <br />the Onited States the amounts at the times and in the manner <br />required oy said Section 148(f) and applicable Regulations. The <br />City has covenanted and agreed in the Lease that it will perform <br />and pay any obligations imposed upon the Authority by this <br />Section. <br />Section 10. This resolution shall be in full force and <br />effect from and after its passage. <br />Adopted by the Board of Commissioners of the Housing and <br />Redevelopment Authority in and for the City of Orono, Minnesota, <br />this 25th day of November, 1991. <br />Chairman <br />Attest: <br />Secretary <br />The motion for the adoption of the foregoing resolution was <br />duly seconded by Commissioner and, upon v * being taken <br />thereon, the following Commissioners voted in favor thereof: <br />and the following voted against the same: <br />whereupon the resolution was declared duly passed and adopted. <br />-5>