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73-10 Issuance & sale of bonds $7,771,000
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73-10 Issuance & sale of bonds $7,771,000
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Last modified
5/14/2013 3:19:44 PM
Creation date
11/18/2010 5:31:04 AM
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Office Of Council
Document Type
Ordinances
Date Adopted
11/15/2010
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Unless otherwise indicated, reference to a Section of the Code includes any applicable successor <br />section or provision and such applicable Treasury Regulations, rulings, announcements, notices, <br />procedures and determinations pertinent to that Section. <br />"Continuing. Disclosure Agreement" means, collectively, the Continuing Disclosure <br />Certificate and the agreements of the City set forth in Section 9(c) of this Ordinance. <br />"Continuing Disclosure Certificate" means the Continuing Disclosure Certificate authorized <br />by this Ordinance. <br />"County Fiscal Officer" means the fiscal officer of the County of Cuyahoga, Ohio, presently <br />the County Auditor, and beginning January 1, 2011, the County Fiscal Officer. <br />"Depository" means any securities depository that is a clearing agency under federal law <br />operating and maintaining, with its Participants or otherwise, a book entry system to record <br />ownership of book entry interests in Bonds or the principal of and interest on Bonds, and to effect <br />transfers of Bonds, in book entry form, and includes and means initially The Depository Trust <br />Company (a limited purpose trust company), New York, New York. <br />"Director of Finance" means the Director of Finance of the City. <br />"Escrow Agreement" means the Escrow Agreement between the City and the .Escrow <br />Trustee. <br />"Escrow Fund" means the escrow fund established pursuant to the Escrow Agreement. <br />"Escrow Trustee" means U.S. Bank National Association. <br />"Improvement" means, collectively, (i) resurfacing City streets, driveways and parking <br />lots, (ii) reconstructing a fuel tank bulkhead, (iii) replacing traffic signals, (iv) improving parks, <br />(v) constructing and reconstructing streets and sidewalks, (vi) reconstructing, renovating and <br />improving City buildings, (vii) implementing reforestation programs, and (viii) improving the <br />Lakewood Park Shoreline. <br />"Interest Payment Dates" means June 1 and December 1 of each year that the Bonds are <br />outstanding, commencing June 1, 2011. <br />"Mandatory Sinking Fund Redemption" means the schedule(s) of the mandatory redemption <br />of Term Bonds set forth in the Certificate of Award. <br />"Mandatory Sinking Fund Redemption Dates" means those Principal Payment .Dates set <br />forth in the Certificate of Award on which a portion of the principal amount of the Term Bonds are <br />required to be redeemed. <br />"MSRB" means the Municipal. Securities Rulemaking Board established by the SEC. <br />
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