06/27/2006 Resolutions 2006-185
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RES 0 L UTI 0 N 2006-185
BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND
ISLAND, NEBRASKA, that the Mayor and Council ofthe City hereby find and determine that it is
necessary and appropriate to declare their official intent to issue tax-exempt bonds on behalf ofthe
City. It is the City's reasonable expectations to reimburse certain expenditures with proceeds of such
bonds as proposed to be issued by the City in connection with the proposed project as described
below.
BE IT FURTHER RESOLVED, that this resolution shall stand as a statement ofthe
City's official intent under Regulation 1.150-2 ofthe regulations ofthe United States Treasury and
for such purpose the following information is given:
1. A general functional description oftheproject for which expenditures maybe
made and reimbursement from bond proceeds provided is as follows: Law Enforcement
Center
2. The maximum principal amount of debt expected to be issued for such project
is $8,500,000.
Adopted by the City Council of the City of Grand Island, Nebraska, June 27, 2006.
Attest:
QJ\no CCW~
RaNae Edwards, City Clerk
Approved as to Form J:I J'L"
June 22, 2006 J:I City Attomey
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