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11. The resolution providing for the issuance of the bond <br /> passed on February 1, 1988 , by the Board of Commissioners for the <br /> County, represents that (i) the County is a governmental unit <br /> with general taxing powers, (ii) the bond is not a private <br /> activity bond (as defined in the Code) , (iii) 95 percent or more <br /> of the net proceeds of the bond are to be used for local govern- <br /> mental activities of the County, (iv) the aggregate face amount <br /> of all tax-exempt obligations (other than private-activity <br /> bonds) <br /> issued by the County (and all subordinate entities thereof) <br /> during calendar year 1988 is reasonably expected not to exceed <br /> $5, 000, 000 and (v) to the best of the County's knowledge, there <br /> are no subordinate entities of the County. <br /> 12. There is no other governmental obligation of the County <br /> that (i) has been or will be issued at substantially the same <br /> time as the bond, (ii) has been or will be sold pursuant to a <br /> common plan of financing together with the bond and (iii) will be <br /> paid out of substantially the same source of funds (or will have <br /> substantially the same claim to be paid out of substantially the <br /> same source of funds) as the bond. <br /> 13 . To the best of our knowledge, information and belief, <br /> the above expectations are reasonable. <br /> 14. The County has not been notified of any listing or pro- <br /> posed listing of it by the Internal Revenue Service as an issuer <br /> whose nonarbitrage certificates may not be relied upon. <br /> WITNESS our hands as of the day of March 1988. <br /> / <br /> -/ g/t/teAfte____ <br /> - Chairman <br /> r _ - <br /> Interim Finance Director <br />