HomeMy WebLinkAbout2025 ResolutionRESOLUTION NO. —2025
A RESOLUTION designating a responsible city official to declare the
official intent of the city to reimburse interfund loans and advances
for capital projects from proceeds of bonds and other obligations.
WHEREAS, the City of Pasco, Washington (the "City "), from time to time
may desire or be required to make expenditures for capital projects from funds
that are available but that are not (and are not reasonably expected to be)
reserved, allocated on a long -term basis or otherwise set aside for those capital
projects, and would reasonably expect to be reimbursed from proceeds of bonds or
other obligations issued to finance those capital projects; and
WHEREAS, Treasury Regulation § 1.103 -18 requires, among other things,
that on or before making any such capital expenditures the City (or any person
designated by the city to do so on its behalf) must declare a reasonable official
intent to reimburse those capital expenditures from proceeds of a borrowing;
NOW, THEREFORE, BE IT RESOLVED that the City Manager or the Finance
Director of the City is designated to make declarations of official intent on
behalf of the City as may be necessary or appropriate from time to time for any
purpose under, and in compliance with, the requirements of Treasury Regulation §
1.130.18.
ADOPTED by the City Council of the City of Pasco at an open regular
meeting this � 3 day of , 1992.
JO eFELICE
Ma o
ATTEST: AP ROVED AS TO FORM:
CATHERINE D. SEAMAN GRIKG 4. R STELLO
Deputy City Clerk City tt ney