12-07-1993 - Laserfiche WebLink

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r3~~8SjY .3 ,,~ of hearing and is hereby approved; {ii} that the maximum aggregate face amount of the Bonds has been accurately described in said notice of hearing and is hereby approved; (iii) that the initial owner, operator or manager of the Project has been accurately described in said notice of hearing and is hereby approved. Section 2. As hereby approved, $1,550,000 Hospital Authority No. 1 of Hall County, Nebraska Development Revenue Bonds, Series 1993 {Regency Retirement Residence Project} shall be issued upon such terms and conditions as shall be determined by Hospital Authority No. 1 of Hall County, Nebraska. Sect ion 3. As and to the extent required by Section 265 (b) of the Internal Revenue Code of 1986, as amended, The County of Hall, in the State of Nebraska, hereby designates said Development Revenue Bonds to be issued by Hospital Authority No. 1 of Hall County, Nebraska, as such county's "qualified tax-exempt obligations" pursuant to Section 265(b) (3) (B) (i) (III) of the Internal Revenue Code of 1986, as amended, and the County hereby states that it does not reasonably anticipate issuance of tax- exempt obligations by or on its behalf during calendar year 1993 in an amount in excess of Ten Million Dollars ($10,000,000), including in such amount the proposed issue of Development Revenue Bonds by Hospital Authority No. 1 of Hall County, Nebraska, and excluding from such amount any "private activity bonds" as defined in the Internal Revenue Code of 1986, as amended. Supervisor Stelk moved for the passage of the foregoing resolution which motion was seconded by Supervisor Abernethy The Chairman stated that the question was: "Shall the foregoing resolution be adopted?" Upon roll call vote the following voted AYE": Abernethy, Frauen, Hartman, Landis, Leslie, Quandt and Stelk the following voted "NAY": NONE Whereupon the Chairman declared said resolution adopted. Adopted this 7th day of December, 1993. CJ/lJ {)--JIJ-. l ~/~