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rnenl the application in ma~ng findings relating to the proposed bonds and in de~gnating the unit's' representative to file the application and to be the Commission's contact throughout authorization and sale procedures. The resolution should: 1. Deseribo the undert.ldng for which bonds axe proposed. 2. State facts why the project is necessary and expedient. · 3. State facts why the amount of bonds proposed la adequate and not excessive for the proposed purpose. 4. State facts supporting a conclusion that the debt management policies have been carried out in strict compliance with the law or reasonable assurances have been given that debt management will hencelorth be carried out. 5. State facts supporting a conclusion that the budgetary and fiscal management policies have been car- ried out in compliance with the law or rcasonable assurances that compliance with the law will henceforth be carried out. 6. State estimated increase in property tax to raise the estimated increaie In debt service requirements and that such increase is not excessive. 7. State estimated increase in consumer rates to raise the estimated increase in debt service requirements if the proposed bonds are for utility or other enterprise purposes and that such increase is not excessive. 8. Designate a representaUve of the unit to file the application for approval of bonds with the Local Gns'ernment Commission. 9. Authorize the representative or the unit's attorney to employ b?nd counsel to represent the unit in the authorization and issuance of bonds. AUTHORIZED REPRESENTATIVE The authorized representative of-the unit should be tbe Hob e}iaxged with the regp0n~ibitity-of filifig th~ application for.kppfovul.ofdhe-bonas 6n'-bebell-bf-thi~ns;e'rnlnk-bod~.and:who&.tbe L~-'ul-Gi~vemment' ' Gommtssion will contact with regard to-aoy problems'arising'during aulborlzRtlon-end salelol the. bond~.7 :.._ The acknb~l~dg~n-t~f'rdih'~ o-Fih"~-pli~fion and ap~i'o~,'al '6r diskppFo~;al ~f the-al~pl~tibn by the Commission ;.viii be addre~kl tolKe~uth6rized'~'-~presentative-a'nd~pon-whose.suthnslty4beXgbmmission ............ will rely in initiatii!gsalebf bonds'dr bbfld antlclltatioh~noteg, Mter;the'bem:ls ar~.mlthoi;ized.-Thg~uthe;r-';':...,-,.;; ...... ized representative need not be the hnit's-attorney; Should the dttorfiey and the authorlzd-.d representative.- ' be different individuals, a coordination of activities should be established betv..een the two to axsure timely action on neoessary procoedings. SWORN STATEMENT OF DEBT A sworn statement of debt by the Finance Officer or other designated officer is required after introduction of the bond order and before the poblie bering. The attached Form LGC-109 may be used for this pur- pose; however, if bond counsel provides a drY/of the statement, it should be used in lieu of the form. A copy of the Preliminary Statement of Debt should be filed with the application. RESOURCE PERSONS 1. Legal questions: Unit's attorney andlor bond counsel. Routine questions relating to administrative or procedural questions ma)' in some instances be answered bi,' the Local Government Commission Slaff; or. if nonroutine, we will obtain an ans.'er from bond counsel. 2.Bond Authorization and feasibility questions until the bonds are fully authorized - Everett hi. Chalk. Assistanl Director. 3. Bond and Note Sales and Deliveries ~ter bonds are fully authorized - John M. Barnes. Jr.. Assistan! Director. John D. Foust, Secretary Local Government Commission