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<br />'r <br /> <br />. . <br /> <br />(a) the Bonds are not "private activity bonds" as defined in Section 141 <br />of the Code; <br /> <br />(b) the City designates the Bonds as "qualified tax-exempt obligations" <br />for purposes of Section 265(b)(3) of the Code; <br /> <br />(c) the reasonably anticipated amount of tax-exempt obligations (other <br />than private activity bonds, treating qualified 501(c)(3) bonds as not being <br />private activity bonds) which will be issued by the City (and all subordinate <br />entities of the City) during calendar year 1990 will not exceed $10,000,000; and <br /> <br />(d) not more than $10,000,000 of obligations issued by the City during <br />calendar year 1990 have been designated for purposes of Section 265(b)(3) of the <br />Code. <br /> <br />6.05. The City will use its best efforts to comply with any federal procedural <br />requirements which may apply in order to effectuate the designations made by this <br />section. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by <br /> <br />Member <br /> <br />Williams <br /> <br />, and upon vote being taken thereon, the <br /> <br />following voted in favor thereof: <br />Benke, Gunderman, larson, Rebelein, Williams <br /> <br />and the following voted against the same: <br />None <br /> <br />whereupon said resolution was declared duly passed and adopted. <br />Adopted this 13th day of November, 1990. <br /> <br /> <br />.~ m,Chlds <br /> <br />David M. Childs, City Manager <br /> <br />ATTEST: <br /> <br />~ <br /> <br />Finance Director/City Clerk <br /> <br />11 <br />