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8! <br /> <br /> <br /> <br /> <br /> Pj <br /> 7 EXHIBIT B <br /> f~ <br /> Form of Supplemental or Amended Equity Declaration <br /> i DECLARATION OF OFFICIAL INTENT <br /> REGARDING ALLOCATION TO EQUITY <br /> <br /> <br /> e undersigned, being the duly appointed and acting Finance Director of the City of New <br /> Brighto Minnesota (the "City"), hereby certifies as follows: <br /> By Resolution No. approved May 22, 2007 (the "Authorizing Resolution"), the <br /> City C ~ncil of the City authorized me to execute this Declaration of Official Intent Regarding <br /> At ca n to Equity (the "Equity Declaration") on behalf of the City for the purposes of Treas. Reg. <br /> Section .141-4(c)(3)(v) (the "Equity Allocation Regulation"). <br /> d! <br /> a' <br /> j The City proposes to make the following expenditures in connection with <br /> redeve~ pment of the NW Quad (referred to as the "Equity Expenditures"): <br /> I <br /> P <br /> <br /> <br /> <br /> 40 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> i~ <br /> 3. The City reasonably expects to reimburse the Equity Expenditures from the proceeds <br /> of th sale of property by the City for private business use, which proceeds are estimated to be in a <br /> max um principal amount of $ <br /> 4. This Equity Declaration has been made not later than 60 days after payment of <br /> any riginal Equity Expenditure to be subject to a reimbursement allocation with respect to the <br /> pro eds from sales of property in the NW Quad. <br /> 1 5. This Equity Declaration is an expression of the reasonable expectations of the <br /> Ci based on the facts and circumstances known to the City as of the date hereof. No sale <br /> <br /> <br /> <br /> 309+~v1 5JB NE136-214 1 <br /> , <br /> P