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<br />maturity or any earlier date for which the issuer has given irrevocable instructions for redemption. <br />Such Notes shall be paid hereunder, and shall cease to be entitled to any lien, benefit or security <br />under this Resolution except the right to receive payment from such special escrow account; such <br />Notes shall not for any purpose of this Resolution be deemed outstanding. <br /> <br />Section 12. Reimbursement. <br /> <br />The City hereby declares its intention to reimburse itself with proceeds of the <br />Notes for any costs of the Project which the City pays prior to issuance of the Notes. This <br />declaration of official intention is made pursuant to Section 1.103-18 of the Income Tax <br />Regulations promulgated by the United States Department of the Treasury. <br /> <br />ADOPTED by the City Council of the City of Eugene, Lane County, Oregon on <br />the tt%ay of JWlllL- 1996. <br /> <br />City of Eugene <br />Lane County, Oregon <br /> <br />?r- ~I?. <br /> <br />City Recorder <br /> <br />Page 7 - Resolution No._ <br /> <br />J :\HWR \CITIES\EUGENE\BAN96\BAN96RES.DOC4/1 1/96 <br />