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� , , - <br /> � � � � <br /> . EXHIBIT A <br /> Declaration of Official Intent <br /> The uridersigned, being the duly appointed and acting City Administrator of the City of . <br /> Orono, Minnesota (the ."City"), pursuant to and for purposes of compliance with Treasury <br /> Regulations, Section 1.150-2 (the "Regulations"), under the Internal Revenue Code of 1986, as <br /> amended, hereby states and certifies on behalf of the City as follows: <br /> 1. The undersigned has been and is on the date hereof duly authorized by the City <br /> Council to make and execute this Declaration of Official Intent(the"Declaration")for and on behalf <br /> of the City. <br /> • 2. This Declaration relates to the following proj ect,property or program(the"Proj ect") <br /> and the costs thereof to be financed: <br /> The Navarre Fire Station Project <br /> 3. The City reasonably expects to reimburse itself for the payment of certain costs of the <br /> Project out of the proceeds of a bond issue or similar borrowing (the "Bonds") to be issued by the <br /> • � City after the date of payment of such costs: As of the date hereof,the City reasonably expects that <br /> $2,000,000 is the maximum principal amount of the Bonds which will be issued to finance the <br /> Proj ect. <br /> 4. Each expenditure to be reimbursed from the Bonds is or will be a capital expenditure <br /> or a cost of issuance,or any of the other types of expenditures described in Section 1.150-2(d)(3)of <br /> • the Regulations. <br /> 5. As of the date hereof,the statements and expectations contained in this Declaration <br /> are believed to be reasonable and accurate. <br /> Date: ��l��63 <br /> . ( <br /> � ��/ , `y/�l'�/! (Title) <br /> � <br /> A-1 <br />