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02-016
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02-016
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7/13/2005 3:17:48 PM
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7/12/2005 9:48:23 AM
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<br />I I <br />I <br />i I .~ <br /> i <br /> / <br /> <br />whfth the City may declare its official intent for reimbursement within the meaning of the <br />Rei$,bursement Regulations. Any declaration by the Finance Director in writing, and any action by <br />the i City Council, that otherwise complies with the re~uirements of the Reimbursement Regulations, <br />ma}'; constitute an official intent of the City for the purposes of the Reimbursement Regulations. <br />, I <br /> <br />6. In accordance with the Reimbursement Regulations, no Declaration shall be required <br />for: I costs of issuance of bonds; an amount not in excess of $100,000 or S percent of the proceeds of <br />an Hsue; or "preliminary expenditures" up to an amount not in excess of 20 percent of the aggregate <br />isslJe price of the issue or issues that finance or are reasonably expected by the City to finance the <br />proJfct for which the preliminary expenditures were incurred. The term "preliminary expenditures" <br />inchlldes architectural, engineering, surveying, bond issuance, and similar costs that are incurred <br />pri<!lT to commencement of acquisition, construction or rehabilitation of a project, other than land <br />acqwsition, site preparation, and similar costs incident to commencement of construction. <br /> <br />Approved by the City Council of the City of New Brighton this 1 2 t h day of <br />Felpruary ,2002. <br /> <br />Atte$t: <br /> <br />]: NElW BRIGHTON, MINNESOTA <br /> <br />j ~ }}.l. .OJ.)-fY\ <br /> <br />. Mayor <br /> <br />~~ f)lb-- <br />1f}114~ /lr >f'~4- <br /> <br />Dan'!iel Maiers <br />Dir~ctor of Finance and Support <br />Ser~ices/City Clerk <br />,I <br />(sefljl) <br /> <br />SJB-208366vl <br />NE 136;26 <br />
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