Laserfiche WebLink
? <br /> ;X <br /> <br /> <br />(i) ?.?tEVailinq wage Ra`?,s. As pLovided in Sertion <br />165.031 of tne Chi-o Rzvisecl i'ode, all war;es paid -?o <br />lab07"Lr5 c-i.1:d il;r^_Ci'lc:il].C;S •?i[1171vVk'.d Uil. the Pr'ojE?C:= Slid2I x'7-? <br />pd7_d dt the pL'-.'vcilllila Yi3t'_'.`', Of Wc-Ag2S fO'Y_' lc`l:)0L'i_'L'S <=it1d <br />rnechanics for_ the c.lass of work called for by the <br />Yroject, wtlich wages shall be cietet:,a:i.riea in accordance with <br />the requirements of Cnapter 4115 oL the Onico fzeviseci Cvd? <br />For dete?:m?.nation of prevailinq c-aUge rates; pz-ovid':'c3, ti,at <br />shot_ll(i the Cvj:lparcy undertdl::--, a<? p-irt of the Ilroject, <br />cotzstruc?-ion i.o be pet=for_;ned by ti-?e Coictc>any's regular <br />bargaining-unit erlp:loyees •who are covered und=-n- a <br />co:tiectzve barqaa.nin<3 agr_ee,nent t'rt:_it: was in `;;istence ofier <br />t.o Li1e d;it-' Of tt1P_ COIPi1iL'.11?:`!i li"15tT-u!TlF?11t l1Tli?e;:ta.,,?LC?<j Lo? <br />issue the Project Bor,d, th, rl Lhe rate o.f pay provicae<l under <br />t.l-ie r.oJ_lective bar_ga-i.riing ??g-%ement ;nay be paici to suc:; <br />employees. <br />Sec.t:ion 10. Irveti;tment os C?nstructian ?und. Mcneys in <br />ti:o Construr_tion Fun:3 ??halJ lae inrest-e6 aiicl Y'P1T1VE=:;te? by the <br />Escrcw Agent in any Eligib"le InvestmenLts at the writteii r-eauest <br />or oral request ot the Projer.t 5upervisor. Eaeh oral requFst <br />snall be canf irmeci by writLeri r_eque5t witnin five (5) days and <br />each written r.equest shall, be acc:»panieJ by a mat?irity schAJule <br />:Eor, and desctiptiori of, the Eligible rnvestrnents to be <br />puri:hased. The Escrow far;?nL' siza!1 inct?r no liabil::ty in actinC <br />or procee:?:inc; in good fai!-?i arzca ?•rith<.>t??. ?leglicj?n?e c?n _a.?i?? <br />a_nvest.i?etZt rec1uest or, clirection aivc-.: by tl:e CoFnpany in <br />accorclance with the 13on(3 Legi.>:Lati.on a:?c3 the Aqree.nert, or L'or <br />any cliscrPpancies b?tween oral arvi wr. itL-en request;-i or <br />directions so received. Subject to any such requests witn <br />respect thereto, the Escr:)?,l Agent may fron? time to time sell <br />such investmerlts and re inve-,->t the proceeds therefrorn in El ig ible <br />Investments maturing or redeeinable as aforesaid. Any sur.h <br />investments may be purr_hased from the Escrow Agent or any of its <br />affiiiates. An investment made Erom moneys credited to the <br />Construction Fund shall constitute part of that r^und, and such <br />r und shall be credited tvith aI1 proceeds of sale of and aIl <br />income from, and debited with any losses from, such investment. <br />For purposes of this Band Legislation, such investraents shall be <br />value:3 at face amount or markeL- value, whichever is less. <br />:,ection 11. Agr.eernent, Note, Assiynment and Bond k'urchase <br />.Agreertent. In order to secure the payinc:nt o?r the ;?ond aerv%.ice1 <br />Charges as the sarne shall become due and payable, the ExecutivP <br />and the r^i.scal Officer or the Clerk of the L^qislative Authority <br />are hereby authorizi-d and directNd t:o exec:ute, acknow_ledre and <br />dE?Z1V°T', lI7 the name F1T1d OI7 behali 7ic tr1E' the ISSUaY_', t.h? <br />Agreel;t,,nt arid the Assignment, ar:d to ei7dorse, assiqn ar„3 deliver <br />the iiote, in the riar,le and on bGh-g1f of t.-e IssueL , all in <br />substantially the Eor_,zis subrni ttacl L-o this Leg islat:i ve iAut-i:ority, <br />16