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<br />Section 8. Bank Designation. <br /> <br />The City does not designate the Bonds as "qualified tax-exempt obligations" pursuant to <br />Section 265(b)(3) of the Code. The City and all subordinate entities thereof, reasonably expect <br />to issue more than $10,000,000 of tax-exempt obligations during the current calendar year. <br /> <br />The foregoing Resolution adopted this 21 st day of June, 1999. <br /> <br />City of Eugene <br /> <br />Ir - 1/17 <br /> <br />, <br /> <br />City Recorder <br /> <br />Page 4 - Resolution <br />