96-043 Resolution - Laserfiche WebLink

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. ? . ? ?.?.. ? ?'=?"C?i`?""i?`?,??.? , # uuOZTIOu"C?`. ..??.??.?? .u.?,? ... otherwise inc!:cated -,,)n Echibit 2, V4'astewater Service Charges a:td othex revenues derived by the Borrower frciin the awnership and operation of its wastewater sybtem (i,.zcluding, without limitation, any Special As.:essment Turids), net of the costs of operating and rnaintaining the system and paying al l 3mounts required to be paid under any Mortgage, Indenture of Mortgage, Trust Agreer.ient or otiher instrument heretofore or hereafter entered into by the Borrower to secure debt obligaticns he:etofore or hereafter issued or incurred by the Borrower for the systerra. Thcse Pledged R?.svenues shal1 constitute a Dedicated Repayment SourcE:, as defined in the CWA. (p) ""rroji-wct Facilities" means the facilities to be construc?ted pursuant to this Agreernent as described general!y in Exhibit I attached hereto and made a part hereof attd more particularly described in the approved plans and specifications on file with the Director, together with ary changes thercin made pursuant to Article III hereof, (q) "Projcct Participation Principa! Amount" msans those Eligible Project Costs that are paid with mor:eys disbursed out of funds from the WPCLF, which costs shall in no event exceed the amount specified an E.chibit 1 as the "Principal Amount." (r) "F.•aject Si:e" means alI'_and, rights-of-way, property rights, -aasements, franchise rights or othe: interest3 in real estate necessary for the constructi3n and operation of the Pro;ect Facilities. (s) "5-:mi-Arinual Payment" means the amount equat to the ProjE;ct Participation Principa! Amnant mu[tiplied by the Participation Rate. An estimate of the Semi-Annuat Payment base I on th,a Principal Amount and the Participation Rate is specified on Exhibit ! benerth the P1:ncipal p,,molant. Tf the rantrac.t Period of Years commences prior to the final determination of the prcject Participation Frinripal Amount, the Semi-Aruiuai Payment shall t-e based upon the best figvrws avaiIable at tr a drne the computatiort of each semi-annual paymeut is required to be made. When such fir.31 costs are known, the Semi-Annual Payment shall be recomputed and the next following scmi-annuEl payment shail be either increased or decreased by a factor sufficient to correct for any overpayment or underpayment through the date of such recomputation so that the total amount received. by OWDA aver the Contract Period of Years wiII be the same amount as wou'jd have b--2n received had the final Project Participation Principal Ar,iount been used in computing the Semi-.qnnuaa Paymer_t at the commencement of the Contract Period of Years. The interest d; :rin,g construction computed at the Contract Interest Rate 3ha11, however, be computed bas-d on the then existing cost allocatians at the time of such computation and shall not be recomr-ited. (t) "Sl: ecial Assessmem Funds" means the proceeds from the specia] assessments to be hereafter leviEd, if amy, by the Borrower to pay all or a portion of the cost of the Project Facilities inclLdins repayment of the Ioan provided for herein. In such cases where assessments are to be levie:t, Exlu"bit 2 sets out the Resolution of Necessity adopted by the appropriate legislative aut::Drity. 4