Laserfiche WebLink
' RESOLUTION #3151 <br /> : � <br /> rebates to the United States. It is hereby determined that the <br /> • City expects that the Bonds will be exempt from arbitrage rebate <br /> by reason of Sect3on 148 (f) (4) (D) of the Code. In addition, the <br /> City shall make no investment of funds that would cause the Bonds <br /> to be "arbitrage bonds" within the meaning of Section 148 of the <br /> Code and regulations thereunder. All terms used in this <br /> paragraph 14 shall have the meanings provided in the Code and <br /> regulations thereunder. . <br /> 15. The Bonds are hereby designated "qualified tax <br /> exempt obligations" for purposes of Section 265 (b) (3) of the � <br /> Internal Revenue Code of 1986. . <br /> 16. The City Clerk shall furnish a certified copy <br /> of this resolution to the County Auditor of Hennepin County, and <br /> obtain the County Auditor' s certificate as required by law. . : <br /> The motion for the adoption of the foregoing <br /> resolution was duly seconded by Member Callahan " <br /> and upon vote being taken thereon the following voted in favor . <br /> thex'eof: peterson, Goetten, Callahan, . Jabbour <br /> and the following voted against the same: None . <br /> whereupon said resolution was declared duly passed and adopted. ° <br /> • • . <br /> • -12- <br />