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W, <br /> rf <br /> w <br /> r <br /> 1� <br /> a n i c e Mills introduced the following resolution and moved its adoption: <br /> -tom <br /> RESOLUTION REIAI NG To LEASE <br /> } <br /> PURCHASE AGREEMENT AND ESIGNATIo 1 AS <br /> QUALIFIED TAX-EUMPT oBUGoknON <br /> - BE IT RESOLVED by the govem.ing body of the <br /> Town Mashpee , through <br /> t Department -- (the Issuer),as follows: <br /> 4 <br /> 4 <br /> Section 1. Recitals and Authorisation. The Wuer,as lessee,has heretofore entered into a Lease Pur- <br /> chase Agreement clued as of October 15, 1990 (the Lease), with Honeywell, Inc., as lessor. It is hereby <br /> d-tem-an d that it is necessary and desirable and in the best interests of the Issuer to enter into the Lease e for {q'L, <br /> the Purposes therein specified,and the execution and delivery of the Lease by the Issuer are hereby approved, <br /> ratified and confirmed. <br /> Section 2. Des tion as uaIi ed Tax-EXm t C bI igiqion.. Pursuant to Section 65(b)(3)(B)(i)of <br /> the Internal Revenue Code of 1986(the Code),the Issuer hereby sp ci ical ly designates the Lease as a"quaffed <br /> tax-exempt obligation" for purposes of Section 265(b)(3) of the Code. In compliance with Section <br /> 265(b)(3)(I of the Code, the Issuer hereby represcnis that the Issuer will not designate more than <br /> 10,000,000 of obligations issued by the Issuer In the calendar year during wWch the Lmse is executed and Off <br /> livered as such"qualified tax*e empt obligations." <br /> S tion I Issuance Umitation, In compl lance with the requirements of Section 265 b (C)of the <br /> Code,the Issuer hereby represents that the Issuer incl uding al entities"oft e Issuer v4thin the , <br /> meaning of Section 265(b)( (Ir)of theCode)reasonably anticipated not to issue in the calendar year during <br /> which the ase is executed and delivered.,obligations bearing Interest exempt from federal income taxation f <br /> under Section 103 of the Code(othcr than"p mte aaMty bonds'as defined in Section 141 of the Code)i rj r <br /> ars amount greater than 10,000,000. Attached hereto Exhibit A i list of all such obligations issued by <br /> the Issuer(including any"subordinate entity'} wring such calendar year. <br /> .r <br /> ATTEST: <br /> Signature <br /> ilLq. <br /> 71, <br /> (Signature) <br /> Janice Mills <br /> School Committee Secretary , <br /> (Marne and titled <br /> ■ <br /> i <br /> r <br /> f.�, <br /> N <br /> I. M' <br /> Ay <br /> ', `` i ' <br /> r'sdo <br /> rr <br /> ►= ;; <br />