2006-40RESOLUTION NO. 2006 - 40
COUNCIL MEMBER SCHEVE INTRODUCED THE FOLLOWING RESOLUTION:
BE IT RESOLVED by the Mayor and Council of the City of Blair, Nebraska (the "City "), as
follows:
Section 1. The Mayor and Council of the City 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.
Section 2. 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:
COUNCILMEMBER SCHEVE MOVED THAT THE RESOLUTION BY ADOPTED AS
READ, WHICH SAID MOTION WAS SECONDED BY COUNCILMEMBER BIFFAR.
UPON ROLL CALL, COUNCILMEMBER STEWART, SCHEVE, SHOTWELL, FANOELE,
WOLFF, MCMANIGAL AND BIFFAR VOTING "AYE" AND COUNCILMEMBER NONE
VOTING "NAY ", THE MAYOR DECLARED THE FOREGOING RESOLUTION PASSED
AND ADOPTED THIS 26TH DAY OF SEPTEMBER, 2006.
ATTEST:
/ 14,61
BkENDA R. WHEELER, CITY CLE
(SEAL)
1. A general functional description of the project for which expenditures
may be made and reimbursement from bond proceeds provided is as
follows:
Certain capital improvements to the City's Water System,
including equipment and engineering and other City infrastructure
improvements including water intake and water treatment plant
expansion.
2. The maximum principal amount of debt expected to be issued for such
project is $10,000,000.
CITY OF BLAIR, NEBRASKA
E. REALPH, MAYOR
STATE OF NEBRASKA )
):ss:
WASHINGTON COUNTY )
BRENDA R. WHEELER, hereby certifies that she is the duly appointed, qualified, and
acting City Clerk of the City of Blair, Nebraska, and that the above and foregoing Resolution
was passed and adopted at a regular meeting of the Mayor and City Council of said City held on
BRENDA R. WHEELER, CITY CLERK
the 26th day of September, 2006.