REVISED DECLARATION OF INTENT.DOCX

DECLARATION OF OFFICIAL INTENT
C-18-17-001-4-00
For Reimbursement of Expenditures from Capital Leases
1) This is an official declaration of intent in accordance with Treasury Regulation 26 C.F.R, §1.150-2(e).
Maricopa County, Arizona (the “Issuer”) has determined a need to provide replacement vehicles for the
County fleet (“the Project”).
2) A portion of the expenditures relating to the Project (the “Expenditures”) (i) have been paid within sixty
days prior to the date hereof or (ii) will be paid on or after the date hereof.
3) The issuer reasonably expects to reimburse the Expenditures with proceeds of a capital lease.
4) The maximum principal amount of obligations expected to be issued is $10,871,840.
The undersigned has been authorized by the Issuer to make and sign this Declaration on behalf of the Issuer
pursuant to action taken by the Board of Supervisors on August 17, 2016.
(Clerk of the Board of Supervisors Certification of action attached)
Date of Declaration: August 17, 2016
Maricopa County, Arizona
Name of Issuer
Clint L. Hickman
Chairman, Board of Supervisors
ATTEST:
Fran McCarroll Date
Clerk, Board of Supervisors
LEGAL REVIEW
Approved as to form and within the powers and authority
granted under the laws of the State of Arizona to
Maricopa County.
Randall Pennington Date
Deputy County Attorney