HomeMy Public PortalAbout15-1992-15 RESOLUTION NO. 1992-15
r A RESOLUTION DECLARING OFFICIAL INTENT TO REIMBURSE EXPENDITURES
FOXRIDGE WATER IMPROVEMENT PROJECT
WHEREAS, the City of Greencastle intends to acquire, lease, construct or rehabilitate
the water system infrastructure in the Foxridge Area (Foxridge Water Improvement Project) ;
and
WHEREAS, the City of Greencastle reasonably expects to reimburse certain costs of
the Foxridge Water Improvement Project with proceeds of debt to be incurred by the City; and
WHEREAS, the City of Greencastle expects to issue debt not exceeding Five Hundred
Thousand Dollars ($500,000) in aggregate principal amount for purposes of reimbursing costs
of the Project; and
WHEREAS, the City intends that this Declaration of Official Intent to Reimburse
Expenditures constitute a declaration of official intent pursuant to Treas. Reg. § 1.103-18
(1992);
NOW THEREFORE, BE IT RESOLVED that the Common Council of the City of
Greencastle declares its official intent pursuant to Treas. Reg. § 1.103.18 (1992) to acquire,
construct or rehabilitate, and equip the Foxridge Water Improvement Project; to reimburse
certain costs of acquiring, constructing or rehabilitating and equipping the Project with the
proceeds of debt to be incurred by the City Of Greencastle; and to issue debt not exceeding
Five Hundred Thousand Dollars ($ 500,000) in aggregate principal amount for purposes of
paying or reimbursing costs of the Foxridge Water Improvement Project .
PASSED AND RESOLVED THIS 8TH DAY OF SEPTEMBER, 1992.
COMMON COUNCIL OF THE CITY
OF GREENCAS LE,-INTANA
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I Thomas W. Roach Susan V. Murray
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11 Jerald D. Calbert Charles T. Miles
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Michael W. Rokicki
A proved and signed by me this 8th day of eZnber 1992, at �;_-?S—
o'cloc .m.
ichael M. armless,
Mayor
ATTEST:
Ju ith Berry,
rk-Treasurer