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RESOLUTION NO. 155$
RESOLUTION OF THE VILLAGE OF PLAINFIELD, ILLINOIS DECLARING
ITS OFFICIAL INTENT TO REIMBURSE CERTAIN CAPITAL
EXPENDITURES FROM THE PROCEEDS OF FUTURE DEBT ISSUES
BE IT RESOLVED BY THE PRESIDENT AND BOARD OF TRUSTEES OF THE
VILLAGE OF PLAINFIELD, ILLINOIS, AS FOLLOWS:
Section 1. The purpose of this resolution, is to satisfy the "Official Intent
Requirement" of Treasury Regulations Section 1.150-2.
Section 2. The Village of Plainfield, Illinois (the "Village") has determined (i) to
undertake the expansion of the North Wastewater Treatment Facility and (ii) to expend
funds to pay costs of such capital improvement.
Section 3. The Village reasonably expects to be reimbursed for such
expenditures with proceeds of its debt. The maximum principal amount of debt
expected to be issued for the reimbursement of such expenditures is $19,440,000.
Section 4. This declaration of official intent is consistent with the budgetary
and financial circumstances of the Village.
Section 5. A copy of this resolution shall be filed immediately in the office of
the Village Clerk and shall be made available for public inspection in the manner
required by law.
Section 6. This resolution shall be operative and effective upon its passage.
Adopted this 19th day of May, 2008.
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Village Clerk
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