My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
83-110 Ordinance
Document-Host
>
City North Olmsted
>
Legislation
>
1983
>
83-110 Ordinance
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/11/2014 12:36:14 PM
Creation date
12/17/2013 4:26:41 AM
Metadata
Fields
Template:
North Olmsted Legislation
Legislation Number
83-110
Legislation Date
9/20/1983
Year
1983
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
21
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
? <br />? <br />thereof and to enforce and protect the rights of the Issuer <br />thereunder, including actions at law and in equity, as may <br />be appropriate. <br />(h) Arbitrage Provisions. The Issuer hereby covenants <br />that it will restrict the use of the proceeds of the Project <br />Bonds in such manner and to such extent, if any, as may be <br />necessary, after taking into account reasonable expectations <br />at the time of the delivery of and payment for the Project <br />Bonds, so that the Project Bonds will not constitute arbi- <br />trage bonds under Section 103 (c) of the Code and the appli- <br />cable income tax regulations under that Section. The Fiscal <br />Officer or any other officer having responsibility for issu- <br />ing the Project Bonds is authorized and directed, alone or <br />in conjunction with any of the foregoing or with any other <br />officer, employee, consultant or agent of the Issuer, or <br />with the Company or any partner, employee, consultant or <br />agent of the Company, to give an appropriate certificate of <br />the Issuer, for inclusion in the transcript of proceedings <br />for the Project Bonds, setting forth the reasonable expecta- <br />tions of the Issuer regarding the amount and use of the <br />proceeds of the Project Bonds and the facts and estimates on <br />which they are ba§ed, such certificate to be premised on the <br />reasonable expectations and the facts and estimates on which <br />they are based as provided by the Cvmpany, all as of the <br />date of delivery of and payment for the Project Bonds. <br />(i) Transcript of Proceedin s. The Clerk of the <br />Legislative A:uthority, or other appropriate officer of the <br />Issuer, shall furnish to the Bondholders a true transcript <br />of proceedings, certified by said Clerk or officer, of all <br />proceedings had with reference to the issuance of the Proj- <br />ect Bonds along with such information from the records as is <br />necessary to,determine the regularity and validity of the <br />issuance of the Project Bonds. <br />(j) Prevailiny Wage Rates. As provided in Section <br />165.031 of the Ohio Revised Code, all wages paid to la- <br />borers and mechanics employed on the Project shall be paid <br />at the prevailing rates of wages for laborers and mechanics <br />for the class of work called for by the Project, which wages <br />shall be determined in accordance with the requirements of <br />Chapter 4115 of the Ohio Revised Code for determination of <br />pre vailing wage rates, provided that should the Company or <br />other non-public user undertake, as part of the Project, <br />construction to be performed by the Company's regular bar- <br />gaining unit employees who are covered under a collective <br />bargaining agreement which was in existence prior to the <br />date of the commitment instrument undertaking to issue the <br />Project Bonds then, in that e vent, the rate of pay provided <br />18
The URL can be used to link to this page
Your browser does not support the video tag.