RES 91136 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 91-136 DECLARATION OF OFFICIAL INTENT OF THE CITY OF PLEASANTON TO REII~URSE CERTAIN CAPITAL EXPENDITURES FROM PROCEEDS OF TAXABLE OR TAX- EXEI~'P INDEBTEDNESS WHEREAS, The City of Pleasanton (the "Issuer") intends to build, construct, purchase, renovate or expand facilities comprising a 22, 100 square foot Senior Center west of the intersection of Sunol Boulevard and Mission Drive at the old Corporation Yard site, two gymnasiums located at Pleasanton Middle School and Harvest Park Middle School, the Police Building at 4833 Bernal Road and a new Fire Station tentatively scheduled to be located in the eastern part of Pleasanton. WHEREAS, the Issuer expects to pay certain capital expenditures in connection with the Project prior to the issuance of taxable or tax-exempt indebtedness to be used to finance such expenditures; WHEREAS, the Issuer is authorized to incur or issue debt obligations to finance costs of the Project; WHEREAS, the Issuer anticipates it will issue debt obligations for the purpose of financing costs of the Project on a long- term basis; and WHEREAS, section 1.103-17 of the proposed Treasury Regulations requires the Issuer to declare its reasonable official intent to reimburse prior expenditures for the Project with proceeds of a taxable or tax-exempt borrowing. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: The City Council of the Issuer finds and determines that the foregoing recitals are true and correct. Section 2: This resolution is adopted by the City Council of the Issuer solely for purposes of establishing compliance with the requirements of Section 1.103-17 of the proposed Treasury Regulations that were published on April 25, 1991. This resolution does not bind the Issuer to make any expenditure, incur any indebtedness, or proceed with the Project.