Laserfiche WebLink
(iii) The Qualified Empowerment Zone has requested that the Issuer <br />issue the Bonds. <br />(iv) The aggregate face amount of empowerment zone facility bonds <br />that may be issued by or on behalf of the Qualified Empowerment Zone is $130,000,000. <br />The aggregate face amount of such bonds previously issued by or on behalf of the <br />Qualified Empowerment Zone is $0. The aggregate face amount of the Bonds is <br />$5,000,000. <br />(v) The Qualified Empowerment Zone will cause the Issuer to file an <br />Internal Revenue Service Form 8038 ("Form 8038") with respect to the Bonds pursuant <br />to Section 149(e) of the Code. The Qualified Empowerment Zone hereby represents that <br />it will review the completed Form 8038 for completeness and accuracy. <br />(vi) The Qualified Empowerment Zone will not secure the Bonds or <br />permit the use of the Proceeds of the Bonds in a manner that results in the Bonds <br />becoming directly or indirectly Federally Guaranteed. <br />(vii) The Bonds are not issued as part a "pooled financing bond <br />program" or a "loan recycling program" described in §§ 1.1394-1(f), (g)(2) or (m)(2) of <br />the Treasury Regulations. <br />(c) Issuer Representations. The Issuer hereby represents, as of the date hereof, and <br />warrants, covenants and agrees as follows: <br />(i) The Issuer is issuing the Bonds pursuant to the request of the Qualified <br />Empowerment Zone. <br />(ii) The Bonds will be sold on April 13, 2000. The Issuer will not sell within <br />the 30-day period beginning 15 days prior to the sale date of the Bonds any other <br />obligations pursuant to a common plan of financing with the Bonds and payable from the <br />same. source of funds or having substantially the same claim to the same source of funds . <br />used to pay the Bonds. <br />(iii) The Issuer will not secure the Bonds or permit the use of the Proceeds of <br />the Bonds in a manner that results in the Bonds becoming directly or indirectly Federally <br />Guaranteed. <br />(iv) The Issuer will prepare and file or cause to be prepared and filed a Form <br />8038 with respect to the Bonds pursuant to Section 149(e) of the Code. <br />Section 2, Project and Bond Representations of Owner. The Owner represents, <br />warrants and covenants that: <br />(a) The Project is being acquired, installed, constructed or rehabilitated for the <br />purpose of providing an Empowerment Zone Facility. Ninety-five (95) percent of the Net <br />Proceeds of the Bonds will be used to provide the Project. <br />06-4514.05 4 <br />