2006-034 Ordinance - Laserfiche WebLink

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"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 2007 through 2021. "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 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 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. "Term Bonds" means those Current Interest Bonds designated as such and maturing on the Principal Payment Date or Dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and subject to mandatory sinking fund redemption. 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 Pumose• Application of Proceeds. It is necessary to issue bonds of this City in a maximum aggregate principal amount of $2,090,000 (the Bonds) for the purpose of improving (i) Andorra Drive, Azalea Lane, Brystol Lane, Camelia Lane, Darby Lane, Fairfax Lane, Gardenia Drive, Kingston Circle, Nandina Drive, Oring Drive, Park Place, Sudbury Drive and Waterbury Circle by replacing sections of concrete pavement, where necessary, (ii) Byron Drive, East Park Drive, Florence Avenue, Lucille Drive and North Park Drive between certain termini by preparing the surface and resurfacing and (iii) Columbia Road and Great Northern Boulevard (State Route 252) between certain termini, in cooperation with the Director of Transportation of the State of Ohio, by grading, draining, preparing the surface and resurfacing, in each case together with the necessary appurtenances and work incidental thereto, and to retire the Outstanding Notes. 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-