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(f) the reasonably anticipated amount of tax exempt obligations (other than <br /> private activity bonds, treating qualified 501(c)(3) bonds as not being private activity <br /> bonds) which will be issued by the City (and all entities treated as one issuer with the <br /> City, and all subordinate entities whose obligations are treated as issued by the City) <br /> during this calendar year 2014 will not exceed$10,000,000; and <br /> (g) not more than $10,000,000 of obligations issued by the City during this <br /> calendar year 2014 have been designated for purposes of Section 265(b)(3) of the Code. <br /> The Commission shall use its best efforts to comply with any federal procedural requirements <br /> which may apply in order to effectuate the designation made by this section. <br /> Section 23. Official Statement. The Official Statement relating to the Series 2014A <br /> Bonds, prepared and distributed by Springsted is hereby approved and the officers of the <br /> Commission are authorized in connection with the delivery of the Series 2014A Bonds, to sign <br /> such certificates as may be necessary with respect to the completeness and accuracy of the <br /> Official Statement. <br /> Section 24. Effective Date. This Resolution, having been concurred in by the City <br /> Council by resolution adopted on February 11,2014, shall be effective immediately. <br /> 28 <br /> 438081v3 JSB ELI85-25 <br />