1988/01/13 Council Minutes - Laserfiche WebLink

20 January 13,1988 (1) 8.9199198 with the month of FehivarY. 1988, aconninsann through June, 1988. an amount which, with Assessment deosited otherand -,moneys available therefor in the 1988 fDeet aceroba-a will be equal C at least one-fifth(1/5th)o£the in on the 1988 Beads to become due and payable an July 1,1988; (2) Beginning with the month of July, 1988,and ming for as longas any the 1988 Bonds• outstanding and wpai,a with A e deposited and other m I available 1988 Debt Service will eb equal ht ISN (1/6N)uof the interest Co become dues and one-sixth intereston the next payment dais on all of the 1980 Bonds Nee outstanding; (3) Beginning with the menti July, 1995, and continuing th. h June, 2003,of es Sense say of N genie s seine seal aapefdr an with Asseasment Y i deposited and other which, available therefor in the 1988 Debt Service Suba-count,will be equal to the le1ast8 on Nelflu(eiNf Nf 1N9e88 pipl_of o become due and payable on the next principal payment date. eeduReferancee in this Ordinance to the e Debt Service Revenue fundshall, unless include Y1991 � 9rv8ubacco ion �. Notwithstanding anything Service to!L8en,money.i the 1988 Debt Service moee pay the Arbitrage Earnings Amount,if any, juacutgsNeaArbnmaainthe'19bSD.btriburv-e Section 9.0 of the Ordinance is amended to read as• follows: B. Sinking Fund ts. The 1988 Sinking Fund Account is har.br created 10in the Revenue Bond Fuad for the gurneys of providing for Ne Darman of the 1988 Term bonds.Per a,lone_ al the 1988Term Bends a ataMiaa, Ne City hereby further irrevocably obliaa stand binds 1 .ids aM Q;y f_Ne • Revenue Fwd 1988 amain Account Noe • e u the withas olt Incorc ited endouchother moneys sAare��onn han (um available therefor in the 1988 Fuad A- d pay the Term Bonds, next cg.:::: dither uedue ov pi,r u29Gavtlin2 • { ma¢dat etlempt thereof. Such payment. shall be 0 made on or before Ne twentieth(20th)diy mf each month , 4 follows: