HomeMy WebLinkAboutCertificate Regarding Reasonableness and Accuracy of Certificate as to Arbitrage-City of Buena Park 13128-01 JHHW:BDQ:JHE 7/24/96
$27,725,000
COUNTYWIDE PUBLIC FINANCING AUTHORITY
1996 REVENUE BONDS
CERTIFICATE REGARDING REASONABLENESS AND ACCURACY
OF CERTIFICATE AS TO ARBITRAGE—CITY OF BUENA PARK
The undersigned does hereby state and certify as follows:
(i) that the undersigned is the Director of Finance of the City of Buena Park, a
municipal corporation and general law city organized under the laws of the State of California
(the "City"),is authorized to execute this certificate on behalf of the City and is knowledgeable
with respect to the matters set forth herein;
(ii) that I have read the document entitled "$27,725,000 Countywide Public
Financing Authority 1996 Revenue Bonds Certificate as to Arbitrage" (the "Arbitrage
Certificate") and each and every portion thereof relating directly or indirectly to that certain
Lease Agreement, dated as of July 1, 1996, by and between the Countywide Public Financing
Authority (the "Authority"), as lessor, and the City, as lessee (the "Lease Agreement"), and to
the portion of the $27,725,000 Countywide Public Financing Authority 1996 Revenue Bonds
(the "Bonds") which are allocable to the City (the "City's Portion of the Bonds");
(ii) that the facts set forth in the Arbitrage Certificate relating to the City, the Lease
Agreement and the City's Portion of the Bonds (including the amount and use of gross proceed.s
and repayment of the City's Portion of the Bonds) are accurate and, to the best of my
knowledge, information and belief, the expectations expressed in the Arbitrage Certificate
relating to the City,the Lease Agreement and the City's Portion of the Bonds are reasonable;
(iii) that to the best of my knowledge, information and belief, there are no facts or
estimates, other than those expressed in the Arbitrage Certificate that would materially affect
the facts and expectations set forth in the Arbitrage Certificate relating to the City, the Lease
Agreement and the City's Portion of the Bonds; and
(iv) that the undersigned is aware that Jones Hall Hill & White, A Professional Law
Corporation,is rendering an opinion substantially to the effect that the interest on the Bonds is
excluded from gross income for federal income tax purposes and in rendering such opinion is
relying upon the statements made herein.
IN WITNESS WHEREOF, I have hereunto set my name this 31st day of July, 1996.
By
Greg Beaubien
Director of Finance