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RES3772CITY OF RENTON,WASIDNGTON RESOLUTION NO.3772 A RESOLUTION OF THE CITY OF RENTON,WASHINGTON DECLARING ITS INTENT THAT CERTAIN CAPITAL EXPENDITURES SHALL BE REIMBURSED FROM THE PROCEEDS OF TAX EXEMPT BONDS OR OTHER OBLIGATIONS. WHEREAS,the City ofRenton (the "City")plans to undertake the following capital projects:the Southwest 27th StreetiStrander Boulevard Capital Improvement Project and the South Lake Washington RoadwaylUtilities Capital Improvement Project (the "Projects");and WHEREAS,the City plans to finance the Projects through the issuance oftax-exempt bonds or other obligations ofthe City in one or more issues in an amount not to exceed $15,000,000 (the "Bonds"); NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF RENTON, WASIDNGTON,DOES RESOLVE AS FOLLOWS: SECTIONL SECTION II. The above findings are true and correct in all respects. For the purpose of complying with the provisions of the Treasury Regulation Section 1.150-2 with respect to qualification ofreimbursement allocations as expenditures of bond proceeds,pending the issuance of the Bonds,the City may make capital expenditures in furtherance ofthe Projects,in anticipation ofreimbursement for such expenditures from the proceeds of the Bonds,when issued. PASSEDBYTHECITYCOUNCILthis 19th dayof September Bonnie I.Walton,City Clerk 1 ,2005. RESOLUTION NO.3772 APPROVED BY THE MAYOR this 19 th day of__S_e-"p'-t_e_ffi_b_e_r__---',2005. Approved as to form: RES.1127:9/20/05:ma 2