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, t ` <br /> representations, covenants and assurances contained in certificates or agreements as may be <br /> prepared by counsel approving the Notes; (c) to consult with such counsel and to comply with <br /> such advice as may be given; (d) to file such forms, statements and supporting documents as may <br /> be required and in a timely manner; and (e) if deemed necessary or advisable by its officers, to <br /> employ and pay fiscal agents, financial advisors, attorneys and other persons to assist the City in <br /> such compliance. <br /> Section 1 S. Reimbursement. None of the proceeds of the Notes will be used to pay, <br /> directly or indirectly, in whole or in part, for an expenditure that has been paid by the City prior <br /> to the date hereof(i) except architectural ar engineering costs incurred prior to commencement <br /> of any of the Redevelopment Project, (ii) expenditures paid within 60 days of this Ordinance or <br /> (iii) expenditures for which an intent to reimburse it as properly declared under Treasury <br /> Regulations Section 1.103-18. This Ordinance is in itself a declaration of official intent under <br /> Treasury Regulations Section 1.103-18 as to all costs of the Redevelopment Project paid after the <br /> date hereof and prior to issuance of the Notes. <br /> Section 16. Qualified Tax-Exempt Obligations. The City recognizes the provisions of <br /> Section 265(b)(3) of the Code which provide that a "qualified tax-exempt obligation" as therein <br /> defined may be treated by certain financial institutions as if it were acquired on August 7, 1986, <br /> for certain purposes. The City reserves the right to designate any Tax-exempt portion of the <br /> Notes as such as set forth in the Note Order. <br /> Section 17. Pertaining to the Note Registrar. If requested by the Note Registrar, the <br /> Designated Officers or the Mayor and City Clerk are authorized to execute the Note Registrar's <br /> standard form of agreement between the City and the Note Registrar with respect to the <br /> obligations and duties of such parties hereunder. Subject to modification by the express terms of <br /> any such agreement, the Note Registrar for its capacity agrees as follows: <br /> -19- <br />