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RESOLUTION NO.
A RESOLUTION OF THE BOARD OF SANITARY COMMISSIONERS OF
THE SANITARY DISTRICT OF THE CITY OF RICHMOND, INDIANA,
REGARDING THE REIMBURSEMENT OF CERTAIN PRELIMINARY
EXPENDITURES FROM PROCEEDS OF A PROPOSED ISSUE OF BONDS
WHEREAS, the Sanitary District of the City of Richmond, Indiana (the "District "),
intends, pursuant to Indiana Code 36 -9 -25, to issue sewage works revenue bonds, in an aggregate
amount not to exceed $2,300,000 (the "Bonds "), to procure funds to be applied to the costs of capital
improvements to the District's sewage works (the "Project "); and
WHEREAS, certain preliminary expenses related to the Project have been or will be
incurred by the District, or on its behalf, prior to the issuance and delivery of the Bonds; and
WHEREAS, the District desires to express its intention to reimburse such
expenditures as have been or may be incurred prior to the issuance of the Bonds, pursuant to Indiana
Code 5- 1 -14 -6 and in compliance with Section 1.150 -2 of the Treasury Regulations;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SANITARY
COMMISSIONERS OF THE SANITARY DISTRICT OF THE CITY OF RICHMOND, INDIANA,
AS FOLLOWS:
SECTION 1 . The District hereby declares that it reasonably expects to reimburse
with the proceeds of the Bonds expenditures for the Project made by the District prior to the issuance _
of the Bonds during the period beginning on the date sixty (60) days prior to the date of this
Resolution until the date of issuance of the Bonds, which expenditures are expected to be paid
initially from other legally available funds of the District.
SECTION 2 . The District hereby declares that this Resolution is being adopted for
purposes of evidencing compliance with Indiana Code 5- 1 -14 -6 and Section 1.150 -2 of the Treasury
Regulations.
Resolved by the Board of Sanitary Commissioners of the Sanitary District of the City
of Richmond, Indiana, this 25th day of January, 2000.
BOARD OF SANITARY COMMISSIONERS OF
THE SANITARY DISTRICT OF THE CITY
OF RICHMOND, INDIANA
ATTEST:
Secretary
ODMATCDOCSVN DOGS 1\ 1 94925\1 -2
Member