HomeMy WebLinkAbout2014-016I Iti Will R a y Lei 05LIDA911
A RESOLUTION of the City Council of the City of Arlington, Washington,
declaring the City's intent to issue limited tax general obligation bonds or
notes to reimburse the City for prior expenditures.
WHEREAS, the Internal Revenue Code of 1986 requires that a municipality declare its
intent to issue tax-exempt bonds to reimburse the municipality for prior expenditures before thi
expenditures are incurred;
THE CITY COUNCIL OF THE CITY OF ARLINGTON, WASHINGTON DOES
HEREBY RESOLVE AS FOLLOWS:
The City reasonably expects to reimburse the following expenditures with the proceeds of
limited tax general obligation bond or notes to be issued by the City: purchase of police cars,
computer equipment, and emergency radio equipment. The City expects to issue approximately
$500,000 principal amount of limited tax general obligation bonds or notes for the project. The
cxpenditures to be reimbursed from the tax-exempt proceeds will be made from the Equipment
Keplacement fund of the City.
The adoption of this resolution shall not obligate the City to issue any debt, all of whil
Qhall require separate and additional official approval by the City Council.
ADOPTED at a regular meeting of the City Council of the City of Arlington,
Washington, this 16 1h day of June, 2014.
I ILI By
Mayor
City C rk
Cit) Attu * e.
513767541
[a 01 'A M 101 Ueff"
1, the undersigned, Clerk of the City of Arlington, Washington (the "City"), and keeper of
the records of the City Council (the "Council"), DO HEREBY CERTIFY:
I . That the attached Resolution No. 20147016 is a true and correct copy of a
cesolLition offlie City Council, as finally adopled at a regular meeting of the Council held on the
16 th day of.lwie, 2014. aml duly recorded in my office.
2. That said meeting was duly convened and held in all respects in accordance with
law, and to the extent required by law, due and proper notice of such meeting was given; that a
legal quorum was present throughout the meeting and a legally sufficient number of members of
the Council voted in the proper manner for the passage of said Resolution; that all other
requirements and proceedings incident to the proper adoption of said Resolution have been fully
fulfilled, carried out and otherwise observed; and that I am authorized to execute this certificate.
IN WITNESS WHEREOF, I have hereunto set my hand this day of
2014.
IGM
51376754 1