US Bank 8/5/2015 - Laserfiche WebLink

E FEDERAL TAX CERTIFICATE I, the undersigned officer of the City of Everett, Washington (the "City"), make this certification for the benefit of all persons interested in the exclusion from gross income for federal income tax purposes of the interest to be paid on the City's Property Schedule No. 1 (the "Schedule"), which is being issued and delivered simultaneously with the delivery of this Certificate. I do hereby certify as follows in good faith as of the issue date: 1. Definitions. Each capitalized term used in this Certificate has the meaning specified for such term in this Certificate or in Exhibits to this Certificate and shall for all purposes hereof has the meaning therein specified. All terms defined in the Internal Revenue Code of 1986, as amended (the "Code") or the Treasury Regulations promulgated under the Code (the "Regulations") shall for all purposes of this certificate have the same meanings as given to those terms in the Code and Regulations unless the context clearly requires otherwise. 2. Responsible Officer. I am the duly chosen,qualified and acting officer of the City for the office shown below my signature; as such, I am familiar with the facts herein certified and I am duly authorized to execute and deliver this Certificate on behalf of the City. I am the officer of the City charged, along with other officers of the City, with responsibility for issuing the Schedule. 3. Code and Regulations. For purposes of this certificate, the "Code" means the Internal Revenue Code of 1986, as amended (the "Code"), and the "Regulations" means the Treasury Regulations promulgated thereunder. 4. Reasonable Expectations. The facts and estimates that are set forth in this certificate are accurate. The expectations that are set forth in this certificate are reasonable in light of such facts and estimates. There are no other facts or estimates that would materially change such expectations. The undersigned has to the extent necessary reviewed the certifications set forth herein with other representatives of the City as to such accuracy and reasonableness. The undersigned is aware of no fact,estimate or circumstance that would create any doubt regarding the accuracy or reasonableness of all or any portion of such documents. 5. Description of Governmental Purpose. The City is issuing the Schedule pursuant to the Master Tax-Exempt Installment Purchase Agreement dated August 7, 2015 (the "Agreement") between the City (the "Purchaser") and U.S. Bancorp Government Leasing and Finance, Inc. (the "Seller") that authorizes the issuance of the Schedule for the purposes of funding the acquisition of personal property described in the Schedule (the "Equipment"). The primary purpose of each transaction undertaken in connection with the issuance of the Schedule is a bona fide governmental purpose. 6. Amount and Expenditure of Sale Proceeds of the Schedule. (a) Amount of Sale Proceeds. The City sold the Schedule to the Seller for $1,362,903.00. No portion of the purchase price of any of the Schedule is provided by the issuance of any other issue of obligations of the City or any other governmental entity.