1358RECITALS:
RESOLUTION NO.1358
A RESOLUTION DESIGNATING LEASE AS QUALIFIED TAX EXEMPT
OBLIGATION
1.The City of Moses Lake (Lessee)is about to enter a State and Municipal
Lease/Purchase Agreement with Citicorp Industrial Credit,Inc.covering
certain personal property.
2.The City of Moses Lake (Lessee)has carefully reviewed its financing re
quirements for the current calendar year and reasonably expects that it
will not issue more than ten million dollars ($10,000,000)of tax-exempt
obligations during the current calendar year.
RESOLVED:
1.Pursuant to the provisions of the Tax Reform Act of 1986,the City of
Moses Lake (Lessee)hereby designates the State and Municipal Lease/
Purchase Agreement to be entered into as includable within the ten mil
lion dollars ($10,000,000)of aggregate issues designated as qualified
financing for the calendar year within which the State and Municipal
Lease/Purchase Agreement is entered into.
Adopted by the City Council on September 8,1987.
ATTEST