Laserfiche WebLink
City of Everett, Washington <br /> U.S. Bancorp Government Leasing and Finance, Inc. <br /> August 7, 2015 <br /> Page 3 <br /> the Property, we are of the opinion that the Property Schedule is not a "private activity bond" or <br /> an"arbitrage bond." <br /> 3. We are further of the opinion that Interest is not an item of tax preference for <br /> purposes of the federal alternative minimum tax imposed on individuals, but is taken into <br /> account in the computation of the corporate alternative minimum tax under Section 55 of the <br /> Code. We express no opinion regarding any other federal tax consequences arising with respect <br /> to ownership of the Property Schedule. <br /> 4. No further approval, license, consent, authorization or withholding of objections <br /> is required from any federal, state or local governmental authority with respect to the entering <br /> into or performance by the City of the Property Schedule and the transactions contemplated <br /> thereby. <br /> This opinion is given as of the date hereof and is based on facts and conditions presently <br /> known to us and the laws and regulations currently in effect,and we do not undertake and hereby <br /> disclaim any obligation to advise you of any change in any matters set forth herein. This opinion <br /> is furnished by us, as special counsel to the City, to you solely for your benefit and the benefit of <br /> your successors and assigns and may not be relied on by, quoted, nor copies delivered to, any <br /> other person without our prior written consent in each instance. <br /> Very truly yours, <br /> K&L GATES LLP <br /> idirtzc4-2.:(- <br /> K 12017775100068120287_C~20287 L 281J <br />