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"Purchase Agreement" means the Bond Purchase Agreement between the City and the
<br /> Original Purchaser, as it may be modified from the form on file with the Clerk of Council and
<br /> signed by the Mayor and the Director of Finance in accordance with Section 6.
<br /> "Refunded Bonds" means the $845,000 of the Series 20060 Bonds that are stated to
<br /> mature on December 1 in each of the years from 2017 through 2021.
<br /> "Registrar Agreement" means the Bond Registrar Agreement between the City and the
<br /> Bond Registrar, as it may be modified from the form on file with the Clerk of Council and signed by
<br /> the Mayor and the Director of Finance in accordance with Section 4.
<br /> "Rule"means Rule 15c2-12 prescribed by the SEC pursuant to the Securities Exchange
<br /> Act of 1934.
<br /> "SEC"means the Securities and Exchange Commission.
<br /> "Series 20060 Bond Legislation" means Ordinance No. 2006-34, passed by this
<br /> Council on February 21, 2006, and the related certificate of award dated April 21, 2006, signed
<br /> by the Mayor and the Director of Finance pursuant thereto, authorizing the issuance and sale of
<br /> the Series 20060 Bonds.
<br /> "Series 20060 Bonds" means the $2,090,000 of Street Improvement Bonds, Series
<br /> 20060, issued pursuant to the Series 20060 Bond Legislation as a part of a consolidated issue of
<br /> $7,775,000 Capital Improvement and Refunding Bonds, Series 2006A, dated as of May 3, 2006.
<br /> The captions and headings in this ordinance are solely for convenience of reference and
<br /> in no way define, limit or describe the scope or intent of any Sections, subsections, paragraphs,
<br /> subparagraphs or clauses hereof. Reference to a Section means a section of this ordinance unless
<br /> otherwise indicated.
<br /> Section 2. Authorized Principal Amount and Purpose; Application of Proceeds. It is
<br /> necessary to issue bonds of this City in a maximum aggregate principal amount of$845,000 (the
<br /> Bonds) to refund at a lower overall interest cost the Refunded Bonds, which Refunded Bonds were
<br /> issued for the purpose of improving (i) Andorra Drive, Azalea Lane, Brystol Lane, Camelia Lane,
<br /> Darby Lane, Fairfax Lane, Gardenia Drive, Kingston Circle, Nandina Drive, Oring Drive, Park
<br /> Place, Sudbury Drive and Waterbury Circle by replacing sections of concrete pavement, where
<br /> necessary, (ii) Byron Drive, East Park Drive, Florence Avenue, Lucille Drive and North Park Drive
<br /> between certain termini by preparing the surface and resurfacing and(iii) Columbia Road and Great
<br /> Northern Boulevard (State Route 252) between certain termini, in cooperation with the Director of
<br /> Transportation of the State of Ohio, by grading, draining, preparing the surface and resurfacing, in
<br /> each case together with the necessary appurtenances and work incidental thereto, and to pay
<br /> expenses related to that refunding and to the issuance of the Bonds.
<br /> Subject to the limitations set forth in this ordinance, the aggregate principal amount of
<br /> the Bonds to be issued,the principal maturities of and the principal payment schedule for the Bonds,
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