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<br />Bond proceeds (or the proceeds of any interim financing) to reimburse the City for costs of the <br />Parks and Open Spaces which are eligible for financing with the Bonds. The City Council <br />hereby delegates to the City Official the authority to make future reimbursement declarations <br />under Section 150 of the Code and any successor provision. <br /> <br />Section 7. Effective Date. This resolution shall take effect immediately upon adoption. <br /> <br />The foregoing Resolution adopted this 8th day of March, 2004. <br /> <br />V\J\Ct ~ 1JfL~ <br />City Recorder <br /> <br />Page 3 - Resolution <br />