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Ordinance 3946-23
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Ordinance 3946-23
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Last modified
4/14/2023 1:23:36 PM
Creation date
4/14/2023 1:20:24 PM
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Ordinances
Ordinance Number
3946-23
Date
4/12/2023
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506242089.1 <br />-14- <br /> <br />issuance provides that the bond anticipation notes will be funded with the proceeds of Future <br />Parity Bonds. <br />Rating Agency means S&P, Moody’s or Fitch. <br />Rating Category means the generic rating categories of the Rating Agency, without <br />regard to any refinement or gradation of such rating category by a numerical modifier or <br />otherwise. <br />Record Date means the close of business on the 15th day of the month prior to the date <br />on which a payment of interest on the Bonds is due and payable. <br />Refunded Bonds means those Refunding Bond Candidates designated by the Designated <br />Representative or his/her designee pursuant to authority delegated by Section 16 of this <br />ordinance. <br />Refunding Bond Candidates means all or a portion of the 2013 Bonds maturing on and <br />after December 1, 2023. <br />Refunding Bonds means the City’s water and sewer revenue refunding bonds authorized <br />to be issued pursuant to Section 3(b) of this ordinance. <br />Registered Owner means the person in whose name the Bond is registered on the Bond <br />Register. For so long as the Bonds are held in book-entry only form, DTC shall be deemed to be <br />the sole Registered Owner. <br />Registrar means the fiscal agent of the State of Washington for the purposes of <br />registering and authenticating the Bonds, maintaining the Bond Register, effecting transfer of <br />ownership of the Bonds, and paying the principal of, premium, if any, and interest on the Bonds. <br />Reserve Account means common Reserve Account maintained pursuant to Section 7(b) <br />of this ordinance.
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