09/11/2001 Resolutions 2001-246
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RESOLUTION 2001-246
BE IT RESOLVED BY THE MAYOR AND COUNCIL OF THE CITY OF GRAND
ISLAND, NEBRASKA, that:
1. The Governing Body hereby finds and determines that it is necessary and appropriate
to declare an official intent to issue tax-exempt bonds by the Municipality and in addition the
Municipality's reasonable expectations to reimburse certain expenditures with the proceeds of such
bonds as proposed to be issued by the Municipality.
2. This resolution shall stand as a statement of the official intent of the Municipality
under Regulation Section 1.150-2 and for such purpose the following information is hereby given:
(A) Cost of construction of Sanitary Sewer District No. 492, Sanitary Sewer District
No. 493, Sanitary Sewer District No. 499 and Sanitary Sewer District No. 500.
(B) The maximum principal amount of debt expected to be issued by the
municipality for such projects is $2,400,000.
Adopted by the City Council of the City of Grand Island, Nebraska on September 11, 2001.
Qof\OL CUJLO~
RaNae Edwards, City Clerk
I Approved as to Form T c..IfC5
September 6, 2001 ... City Attorney