RES 94079 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 94-79 A KESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON DECLARING 'tHE O/~/~tCIAL INTENT TO REIMBURSE EXPENDITURES YROM TIlE PROCERDS OF TAX EXFAVd'T SECURITIF.~ FOR GOLF COURSE STUDY the City of Pleasanton (the "City") desires to finance the construction and acquisition of the facilities described in detail below (collectively the "Project"); and WHEREAS, the City will be expending funds for the construction and acquisition of the Project; and WHERF~.S, the City reasonably expects to reimburse sueh expenditures by authorizing the saln and deliver of obligations, as described below: NOW, THEILEFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: This Resolution is a declaration of official intent to reimburse expenditures pursuant m Treasury Regulations Section I. 150-2. Section 2: The City desires to finance the construction and acquisition of the Project consisting of a golf course facility to be located in the unincorporated Happy Valley area. Section 3: The City reasonably expects to reimburse any such expenditures through the sale and delivery of obligations (the "Obligations"), the interest component on which is excludable from gross income under Section 103 of the Internal Revenue Code. The maximum principal amount of Obligations to be issued for the Project is $23,000,000. Section 4: The reimbursement allocation to be made with rospect to the expenditures will occur not later than eighteen fig) months after the later of (i) the date on which the expenditure is paid, or (ii) the date on which the Project is placed in service, but in no event more than 3 years after the expenditure is paid.