A RESOLUTION DECLARING OFFICIAL INTENT TO REIMBURSE EXPENSES FOR LIBRARY RENOVATION AND EXPANSION (2008-03-03/R-4)
WHEREAS, the Town of Chapel Hill desires to expand and make essential renovations to the Library; and
WHEREAS, the Town proposes to finance these renovations through proceeds from the issuance of general obligation bonds;
NOW, THEREFORE, BE IT RESOLVED by the Council of the Town of Chapel Hill, pursuant to the requirements of the United States Treasury Regulations Section 1.150-2, that the Council intends this resolution to constitute a Declaration of Official Intent to Reimburse under such Treasury Regulations Section.
BE IT FURTHER RESOLVED that:
BE IT FURTHER RESOLVED that the Council authorizes the Town Clerk to certify a copy of this resolution for the Local Government Commission.
This the 3rd day of March, 2008.