03-23-1998 Council Packet - Laserfiche WebLink

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(b) The Secretary is hereby authorized and directed to file a certified copy of this resolution in his office, together with such additional information as required, and to issue a certificate that the Bonds have been duly entered upon the Secretary's bond register and the tax required by law has been levied. (c) The officers of the Authority are authorized and directed to prepare and furnish to the Purchaser, and to Dorsey & Whitney LLP, the attorneys rendering an opinion as to the legality thereof, certified copies of all proceedings and records of the Authority relating to the authorization and issuance of the Bonds and such other affidavits and certificates as may reasonably be required to show the facts relating to the legality and marketability of the Bonds as such facts appear from the officer's books and records or are otherwise known to them. All such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the Authority as to the correctness of all statements contained therein. Section 11. Arbitrage Rebate Exemption . It is hereby determined that the Authority will qualify for the exception from arbitrage rebate for the Bonds provided by Section 148(0(4)(D) of the Code since: (a) the aggregate face amount of the Bonds does not exceed $5,000,000; (b) each Refunded Bond was issued as part of an issue which was treated as meeting the requirements of Section 148(fX2) and (3) of the Code by reason of Section 148(f)(4)(D) of the Code; (c) the average maturity of the Bonds (_ remaining average maturity of the Refunded nds (_ years) does not exceed the _ years); and (d) no Bond has a maturity date which is later than 30 years after the date the Refunded Bonds were issued. Page 6 of 7