2010-069 Ordinance - Laserfiche WebLink

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"Original Purchaser" means The Huntington Investment Company, Columbus, Ohio. "Participant" means any participant contracting with a Depository under a book entry system and includes securities brokers and dealers, banks and trust companies, and clearing corporations. "Principal Payment Dates" means December 1 in each of the years from 2011 through 2018. "Purchase Agreement" means the Bond Purchase Agreement between the City and the Original Purchaser, as it may be modified from the form on file with the Clerk of Council and signed by the Mayor and the Director of Finance in accordance with Section 6. "Registrar Agreement" means the Bond Registrar Agreement between the City and the Bond Registrar, as it maybe modified from the form on file with the Clerk of Council and signed by the Mayor and the Director of Finance in accordance with Section 4. "Rule" means Rule 15c2-12 prescribed by the SEC pursuant to the Securities Exchange Act of 1934. "SEC" means the Securities and Exchange Commission. The captions and headings in this ordinance are solely for convenience of reference and in no way define, limit or describe the scope or intent of any Sections, subsections, paragraphs, subparagraphs or clauses hereof. Reference to a Section means a section of this ordinance unless otherwise indicated. Section 2. Authorized Principal Amount and P ose• A plication of Proceeds. It is necessary to issue bonds of this City in a maximum aggregate principal amount of $1,050,000 (the Bonds) for the purpose of improving (i) Andrus Avenue, Burns Road, Defoe Drive, Kennedy Ridge Extension, Lebern Drive, Lucydale Avenue, Maple Ridge Road, Michael Avenue, Porter Road, Ranchview Avenue, West Ranchview Avenue, Shelley Drive, Timber Cove Lane, Wedgewood Drive and Whitethorn Avenue between certain termini by reconstructing and rehabilitating the pavement base, curbs, curb ramps and sidewalks and adjusting catch basins, manholes and water valve boxes, where necessary, preparing the surface and resurfacing and (ii) Great Northern Boulevard (State Route 252) between certain termini, in cooperation with the Director of Transportation of the State of Ohio and Cuyahoga County, by grading, draining, constructing, reconstructing and rehabilitating the pavement base, catch basins, curbs and sidewalks, where necessary, and paving, in each case together with the necessary appurtenances and work incidental thereto, and to retire the Outstanding Note. Subject to the limitations set forth in this ordinance, the aggregate principal amount of the Bonds to be issued, the principal maturities of and the principal payment schedule for the Bonds, the interest rate or rates that the Bonds shall bear and certain other terms and provisions of the Bonds identified in this ordinance are subject to further specification or determination in the Certificate of Award upon the finalization of the terms and provisions of the Bonds. -4-