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RESOLUTION 92-039 <br />Page 2 <br /> <br /> Section 3. The City Council expects the Issuer will pay <br />certain capital expenditures in connection with the Project prior <br />to the issuance of indebtedness for the Project. The reimbursement <br />of such Project expenditures is consistent with the Issuer's <br />established budgetary and financial circumstances. Other than <br />proceeds of indebtedness to be issued for the Project, there are no <br />funds or sources of moneys of the Issuer, or any related person or <br />commonly controlled entity that have been, or reasonably are <br />expected to be, allocated, reserved, or otherwise made available on <br />a long-term basis, or otherwise set aside to pay any costs of the <br />Project which are to be paid or reimbursed out of proceeds of <br />indebtedness to be issued for the Project. <br /> <br /> Section 4. The City Council hereby declares the Issuer's <br />official intent to use proceeds of indebtedness to reimburse itself <br />for future Project expenditures. <br /> <br /> Section 5. This Resolution shall be reasonably available <br />for inspection by the general public during normal business hours <br />at the office of the Issuer, located at 20 Civic Center Plaza, 8th <br />Floor, Building 20, Santa Ana, California, commencing no later than <br />May 11, 1992. <br /> <br /> Section 6. <br />after its adoption. <br /> <br />This Resolution shall take effect from and <br /> <br />ADOPTED this 4th day of May , 1992. <br /> <br />ATTEST: <br /> <br />APPROVED AS TO FORM: <br /> <br />~~~.Cooper <br /> City Attorney <br /> <br />Mayor <br /> <br />COUNCILMEMBERS: <br /> <br />Acosta A_ye <br />Griset Aye <br />McGuigan Aye <br />Norton Aye <br />Pulido Aye <br />Richardson Aye <br />Young Aye <br /> <br />2 <br /> <br /> <br />