HomeMy WebLinkAbout1995-01-09 95-75 ORDERItev tb. 9 -75
cote 1-09-95
Itm/Sublect: �: leclaration of official Intact Pursuant m azeasuxy
Re9ulat S6c. 1.150-2 SRF General Gbllgallon Aade,
$1,5oo,000
F�le 0.}aetvenc: F�
W m:t is repiml by federal *etw.,e.o, and imvely alit® Heat if tl»
City e d aped my rod- fm�'prior m t rammed» of the b
approval in Sme 1996 for fsfiumvs tymup lire SRF pmymt, tlat the City
immds m mimh¢se itself f Hie bon] [aoraala. 99tia ONPi wee Pmpvmd
by City Hind Cnm salr C tzpL E. 1 ipvl BoM Hank
bas apps the City's application to bormr. It ie our infmrtion m idm a
Dr1d9e loan. Uxadown furde av need a:d tten cvncvt Hie mount bortaxed m
pew aro.n cords wlen He CSO PmJecls am asPletetl. At Hds Live vue am
still dmwi^9 dnani fuMe fvvn a Prinr C9}SI¢' Sm:.
UT�C�
city rrs
Intxamcai ex
_ Fa66age
First Raaiitvj
Fefercal Fege —of
95-05
Amippedlo Co dor Frenkel January 9, 1995
:) CITY OF BANGOR
(TITLE.) �CDCXa ....._ m�ln..r:.., of official pent Paan , m ate!
Fag! tiol See. 1.h5O-2 SPF G Tal fbligation Border $lj%0,000
BY w C" Coaimi! Of ap wmayar.
OEDEEED•
THAT
[aa+P5A5,
the City of Hangar (the 'Issuer-) currently URsnrffi m laocced
with the fcllowim project (the 'Project"); saner. .
projects; all
tamynS, the Issuer irusrsda to finance the coats of the project Unnuo
tie fssusme of bvw and meas in anttcipatim thmeof; amel
vaib. P.AS, certain of the cows of tm 2mject may be p hd by the Isauex
prior to tm fs� of rot or bolls argil be ra:.a...aw fran
tm luoosorffi tlwieof; all
!@ffiPeAS, Treasury Pagulations sl.zo-2 xeuLnas trot an Issuer declare
Its official intent to roiaduxse a:4 ar[lituxee with prc Ha of
bovxawirgs prior m the date of expeMiture;
F%14i• THEPEkCIliS• tm Issuer does mretrp declare its offlcial SnterR as
foll c
1. nQ.l a...r+•., of Inf t. 11e Issuer mmrniably expects m
xeNdxrzae original oy trrzea made m tm project with tm P:aceMs of
rotes or b to m issued by the issuer fn the mrxinnnn Principal lmimt of
$1.500,000.
2. Geneml w intim of pamect m Winh w�:.n..�e,r
pelame. following is a ressoebly accurate geeral r,
descaptim of the type all nee of tm property with respect m
re�ts will m vab: sear slprratim projects.
3. Fmi Acwmtim. Ary ca gi:el expeMttures mala on the
Project to m p+ ..ew with prex is of the issue idectffded in paragraph 1
hereof will be made fron the Issuer's Sewer lhud.
4. PuUic 'tv of Official Inea2. reds Oeclarat:m
of official lntent shall as a public record of the Issuer.
5. ateneirzv Po.•1+l'^w. 'Aha hs a declaration of official
i+R�t PueaiR m the raq : is of 1kau;ury Pap:lathm 51.150-2.
6. Authority for Declavtim. Thin declaration 5 arbptrrl
porauant m the following action of the Issuer: O adopted by its City
Council.
IN CITY COUNCIL 95-75 _
January. 9, 1995 0 R D E R
Pa
Title, Declaration of Official Intent Pursuant to
eRIL Treasury Regulation Sec. 1.150-3 SRV General obligation
CITY
'Ponds,,$1,500,10B); .,....
.....................................
q�0
Assigned to
X... �.
C0u'e...ilm.an:.