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meat the application in making findlng~ relating to the proposed bonds and in designating the unit's representative to file the application and to be the CommLvJon's contact throughout authorization and sale procedures. The reso)utlon should: 1. Describe the undertaldng for'i, hich bonds are proposed. 2. State feets why the project is necessary and expedient. 3. State facts why the amount of bonds proposed is adequate and not excessive for the proposed purpose. 4. State facLs supporting a conclusion that the debt management policies have been carried out in strict compliance with the law or reasonable assurances has'e been given that debt management will henceforth be carried out. S. State facts supporting a ~oncluston that the budgetary and fiscal management policies have been car- tied out in compliance with the la'i' or reasonable assurances that compliance with the law will henceforth be carried out. 6. State estimated increase In property tax to ral.~ the estimated Inerease in debt service requirements and that such increase is not e. xco~lve. 7. State estimated increase ia consumer rates to raise the estimated increase in debt service requirements if the proposed bonds are for utility or other aiqterpri~ 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 Government Commtislon. it. Authorize the representative or the unit's attorney to employ bond counsel to represent the unit in the authorization end issuance of bonds. AUTHORITrD REPRESENTATIVE The authori,A4 represcntatlve.of:th~ unit should be the po~on chhrgod with :the ~espoasib Uity~[.lilin application fur,:approyd o{.t~ bonds-on-behalf of. the~overnlng b .od. y.and,whom-the. I~oal.(;o¥~nmcnt .......... Commission:will con t act ~rith-rega t d to lny_l~roble_ms The acknowledgernent~of_--_fl~_ing-oJ:-thealpplicatio~_~t_n_ d-spprovol;or, disapprovaf~)f:the epplicetion:by.the-__....--'~ Commission'u.,illbe,qddresp~ *,, rh~,,,sthbr~?,.~4x~p~sehtatiYe.-and:uPPrt:,,y~sse~_.u_t.__l~r_ i_ty_the~mm!~iop~y__~__. . will rely in initio, tli~g'qale ~l~0qds.clj- b6~d .a~ticilJe~o.~_n_o_ges_~.~:ftt:.r_ Lbe-__boods~re~authorized:_T. be author ........ ,: ..... ized representetiYe oecd not bo the/mat's attorney. Sh0idd the attorney'flnd tbe'authorlzed~r~preseotati%-e - be different individuals, n coordination of activities should be established between the t~.o to aisure timely action on necessary proceedings. SWORN STATEMENT OF DEBT A sworn statement of debt by the Finance Officer or other de. ggdated officer is required after iotreduclio~i of the bond order and before the public hearing. The attached Form LC;C-10g may be used for this pur- pose; however, if bond counsel provides fi draft of the statement, it should be used in lieu of the form. A copy of the Prclimtnary Statement of Debt should be filed ,a-lth the application. RESOURCE PERSONS 1. Legal questions: Unit's attorney and/or bond counsel. Routine questions relating to administrative or procedural questions may in some instancns be answerecl by the Local Government Commission ate{f: or, if nonroutine, we ,i-ill obtain an answer from bond counsel. ~.Bond Authorization and feasibility questions until the bonds are fully authorized - Everett I%!. Chalk, Assistant Director. 3. Bond and Note Sales and Deliveries after bonds are fully authorized - John M. Barnes, Jr., Assistant Director. John D. Fount, Secretary Local C;ovcrnm~nt Commi~ion