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CITY COUNCIL OF THE CITY OF PLEASANTON <br />ALAMEDA COUNTY, ALAMEDA <br /> <br /> RESOLUTION NO. 03-022 <br /> <br />RESOLUTION DELCARING THE OFFICIAL INTENT TO REIMBURSE <br />EXPENDITURES FROM THE PROCEEDS OF TAX EXEMPT <br />SECURITIES <br /> <br />WHEREAS, <br /> <br />the City of Pleasanton (the "Issuer") desires to finance the construction and <br />acquisition fo the facilities described in detail below (collectively the "Project"); <br />and <br /> <br />WHEREAS, the Issuer will be expending funds for the construction and acquisition of the <br /> Project; and <br /> <br />WHEREAS, the Issuer reasonably expects to reimburse such expenditures by authorizing the <br /> sale and delivery of one or more series of obligations, as described below: <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES <br />AS FOLLOWS: <br /> <br />Section 1: <br />Section 2: <br /> <br />This Resolution is a declaration of official intent to reimburse expenditures <br />pursuant to Treasury Regulations Section 1.150-2. <br /> <br />The Issuer desires to finance the construction and acquisition of the Project, <br />consisting of design and construction of various projects including Val Vista <br />Neighborhood Park, including appurtenant facilities thereto; Alviso Adobe Park, <br />including appurtenant facilities thereto; site planning for a new Civic Center; and <br />site planning for the Bernal Property Community Park. <br /> <br />Section 3: <br /> <br />The Issuer reasonably expects to reimburse the expenditures through the sale and <br />delivery of one or more series of obligations (the "Obligations"), the interest <br />component on which is excludable from gross income under Section 103 of the <br />Internal Revenue Code. The maximum principal amount of Obligations to be <br />issued for the Project is $30,000,000. <br /> <br /> <br />