Laserfiche WebLink
<br />"Project" means, collectively, (1) constructing, reconstructing, and improving Lake Road <br />from Webb and Clifton, (2) resurfacing Woodford Avenue from Webb to Granger, (3) <br />resurfacing streets identified on the City's 2007 pavement condition report, (4) repainting street <br />lane and parking spaces in the City, (5) improvements to crosswalks at the Detroit Avenue <br />intersection, and (6) resurfacing US Route 6 from West Clifton to the City's eastern boundary. <br /> <br />"Purchase Agreement" means the Note Purchase Agreement between the City and the <br />Underwriter, entered into in accordance with Section 7 of this ordinance. <br /> <br />"Register" means all books and records necessary for the registration, exchange, and <br />transfer of the Notes. <br /> <br />"Registrar" means The Huntington National Bank or any successor registrar designated <br />in accordance with the Registrar Agreement, or any other bank or trust company as designated <br />by the Director of Finance in the Certificate of Award. <br /> <br />"Registrar Agreement" means the Note Registrar Agreement between the City and the <br />Registrar, as supplemented, amended, or modified. <br /> <br />"Underwriter" means Wachovia Bank, National Association. <br /> <br />Section 15. Effective Date. This ordinance is hereby declared to be an emergency <br />measure necessary for the immediate preservation of the public peace, property, health, safety <br />and welfare in the City, and for the further reason that the Notes must be sold in order to <br />promptly begin the Project, which is urgently required to eliminate existing hazards to vehicular <br />and pedestrian traffic; and provided it receives the affirmative vote of at least five (5) of its <br />members elected to Council, this ordinance shall take effect and be in force immediately upon its <br />passage by the Council and approval by the Mayor; otherwise it shall take effect and be in force <br />after the earliest period allowed by law. <br /> <br />Passed: April 7, 2008 <br /> <br />~ç:J. 0____ <br /> <br />President of Council <br /> <br />Îå1.~ 7 ( IJ IJvJ~ <br />Clerk of Co cd <br /> <br />Approved: Aprilg, 2008 <br /> <br />¿~ <br /> <br />10 <br />