2001-034 Ordinance - Laserfiche WebLink

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"Principal Payment Dates" means December 1 in each of the years from and including 2001 to and including 2012. "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 executed by the Mayor and the Director of Finance in accordance with Section 6. "Refunded Bonds" means the $3,538,500 of the Original Bonds stated to mature on December 15, 2012e "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 executed by 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. "Serial Bonds" means those Bonds designated as such and maturing on the Principal Payment Dates set forth in the Certificate of Award, bearing interest payable on each Interest Payment Date and not subject to mandatory sinking fund redemption. "Term Bonds" means those 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 Purpose; Application of Proceeds. It is necessary to issue bonds of this City in a maximum aggregate principal amount of $3,901,000 to advance refund at a lower interest cost the Refunded Bonds, which Refunded Bonds were issued to pay costs of improving the City's street system by: (i) grading, draining, curbing, reconstructing the pavement base, widening, preparing the surface and paving with concrete, reconstructing sanitary sewers, water mains, sidewalks and driveway aprons where necessary, constructing and reconstructing storm sewers where necessary, acquiring and installing signals, signs and other equipment and devices to direct and control traffic, and installing underground wires and cables for street lighting in Country Club Boulevard from Lorain Road to a point approximately 1400 feet east of Victoria Lane, in Victoria Lane and in Kennedy Ridge Road between Butternut Ridge Road and Victoria Lane; -4-