24-05 Issuance/Sale of Bonds General Obligations Bonds

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curbs and driveway approaches; preparing the surface and resurfacing; improving Clifton Avenue by constructing bus pads, where. necessary; improving Andrews Avenue, Detroit Avenue, Elbur Avenue, LarchmontAvenueand Parkside Street by reconstructing sections of the pavement base; preparing the surface and resurfacing, where necessary, and improving Elbur Avenue and Kirtland Lane by reconstructing and rehabilitating pavement joints, where necessary, in each case together 'with the necessary appurtenances and work incidental. thereto ($376,751); (0) acquiring and installing traffic signs, signals, devices and related equipment ($58,902); (P) acquiring and installing computers and other related equipment for the collection, storage and communication of information used' and useful in City operations ($63,347); (q) improving City streots by landscaping, planting and removing trees thereon ($15,559); (r) acquiring and installing traffic signalization devices ($10,558); (s) acquiring and installing communications equipment ($151,700); (t) constructing, reconstructing and rehabilitating sidewalks on certain designated streets in the City ($76,684); (u) improving facilities of the Department of Public Works ($183,374); (v) improving recreational facilities ($38,898); (w) constructing and equipping an animal shelter ($64,459); (x) acquiring vehicles and equipment for the Fire Department ($23,227): (y) improving City streets by planting trees thereon ($15,559); (z) acquiring and installing computer eqnipment ($1,111) As used herein, the following terms shall have the following meanings·, "Bond Purchase Agreement" means the agreement between - the City and the Original Purchaser entered into in cormection with the purchase. of the Bonds and authorized pursuant to Section 5 of this Ordinance, "Bond Retirement Fund" means the bond retirement fund of the City "Bonds" means the portion of the issue of the City's Various Purpose General Obligation Bonds,- Series 2005 issued pursuant to the authority gr.anted and the terms established in this Ordinance; "Book"-entry form" or "Book-entry system" means a fonn or system under which (i) the beneficial right to principal and interest may be transferred only through a book entry and (Ü) physical Bonds in registered form are issued only to a Depository or its nominee. as registered owner, with the Bonds "immobilized" to the custody of the Depository, and the book entry is the record thatidentifies the ownerS ofbenefieìal interests in thatprincipal and interest "Certificate of Award" means the certificate executed by the Fiscal Officer in C01lllection with the issuance. and sale of the Bonds which contains the terms set out at Section 6 of this Ordinance "Depository" means any securities depository that is a clearing agency under federal law operating and maintaining a Book-entry system to record beneficial ownership of the right to principal and interest, and to effect transfers of Bonds; in hook-entry form, and includes and means initially The Depository Trust Companý (a limited purpose trust company), New York, New York. "Earliest Optional Redemption Date" mea1)S the date, if any, specified as the earliest optional redemption date for the Bonds in the Certificate of Award, "Fiscal Officer" means the Director of Finance of the City or his designee, "Interest Payment Date" means a date on which interest owing on the Bonds is due, as determined in accordance with the Certificate of Award. "Mandatory Redemption Dates" means, as to any of the Bonds which are Term Bonds, the date specified in the Certificate of Award as the dates on which such Term Bonds are to be redeemed through the application of Mandatory Sinking Fund Redemption Requirements "Mandatory Sinking Fund Redemption Requirement" means the amount of the principal of the Bonds that is required to be paid, plus interest accrued to theredemption date, on any Mandatory Redemption Date {KLF2993;2} 2