03/26/2013 Resolutions 2013-91 RESOLUTION 2013-91
WHEREAS; the Mayor and Council of the City of Grand Island hereby find and
determine that it is necessary and appropriate to declare their official intent to issue tax-exempt
bonds on behalf of the City,and in addition,the City's reasonable expectations to reimburse certain
expenditures with the proceeds of such bonds as proposed to be issued by the City in connection with
the proposed project as described below.
WHEREAS; this Resolution shall stand as a statement of the City's official intent
under Regulation Section 1.150-2 of the regulations of the United States Treasury and for such
purpose the following information is hereby given:
1. A general functional description of the project for which expenditures may be
made and reimbursement from bond proceeds provided is as follows:
The procurement and installation of the Mercury Air Toxic Standards - Air
Quality Control System Project.
2. The maximum principal amount of debt expected to be issued for such project
is $47 million dollars.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE
CITY OF GRAND ISLAND, NEBRASKA, that the declaration of intent to issue bonds to
reimburse expenses resulting from the procurement and installation of the Mercury Air Toxic
Standards - Air Quality Control System Project is hereby approved.
Adopted by the City Council of the City of Grand Island, Nebraska, March 26, 2013.
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Vav cek, Mayor
Attest:
RaNae Edwards, City Clerk
Approved as to Form •G__,
March 25,2013 tt CI orney