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<br />. <br /> <br />. <br /> <br />. <br /> <br />RESOLUTION 88 - 91 <br /> <br />A RESOLUTION OF THE CITY OF ELK RIVER <br /> <br />A RESOLUTION WITH RESPECT TO <br />QUALIFIED TAX-EXEMPT OBLIGATIONS <br /> <br />WHEREAS, the City Council of the City of Elk River desires to <br />designate that a certain Equipment Lease-Purchase <br />Agreement dated September 29, 1988 as a qualified tax- <br />exempt obligation of the City for the purposes of <br />Section 265(b) (3) of the Internal Revenue Code of <br />1986. <br /> <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of <br />Elk River that the Equipment Lease-Purchase dated as of <br />September 29, 1988 by and between City of Elk River and <br />First Continental Leasing Corporation is hereby <br />designated by City of Elk River as a "qualified tax- <br />exempt obligation" for purposes of Section 265(b) (3) of <br />the Internal Revenue Code of 1986. <br /> <br />Passed and adopted by the City Council of the City of Elk River <br />this 7th day of November, 1988. <br /> <br />(1.;bM C ~ <br /> <br />Estelle E. Gunkel, Mayor <br /> <br />ATTEST: <br /> <br />7)t~ [)y;~ <br /> <br />Patr1ck D. Klaers, Cify Administrator <br />