2016-109 Ordinance - Laserfiche WebLink

Home Browse Search

"Mandatory Sinking Fund Redemption Requirements" means Mandatory Sinking Fund Redemption Requirements as defined in subsection (e)(i) of Section 3. "Maturity Amount" means, with respect to a Capital Appreciation Bond, the principal of and interest on that Bond due and payable at its stated maturity. "Original Purchaser" means Fifth Third Securities, Inc., Cincinnati, 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. 2027. "Principal Payment Dates" means December 1 in each of the years from 2018 through "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 Purpose; Application of Proceeds. It is necessary to issue bonds of this City in a maximum aggregate principal amount of $1,450,000 (the Bonds) to provide funds to pay costs of improving Barton Road, Bentley Drive, Birch Circle, Cinnamon Way, Concord Drive, Cottonwood Trail, Curtis Drive, Danberry Drive, Gessner Road, Industrial Parkway, Plumwood Drive, Vincent Drive, Windsor Drive and, in cooperation with the City of Westlake, Walter Road between certain termini in the City by reconstructing and rehabilitating the pavement base, adjusting, constructing and reconstructing catch basins, curbs and curb ramps, manholes and utility valve and monument boxes, where necessary, preparing the -4-