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Ordinance 2298-98
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Ordinance 2298-98
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3/13/2014 4:24:04 PM
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Ordinances
Ordinance Number
2298-98
Date
4/29/1998
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"Revenue Fund" means the Water and Sewer Revenue Fund of the City created by <br /> Section 6 of Ordinance No. 536-78. <br /> "Revenue of the System" means all earnings, revenue and money received by the City <br /> from or on account of the operation of the System, except Assessment Income, and including the <br /> income from investments of money in the Revenue Fund and the Revenue Bond Fund or from <br /> any other investment thereof except the income from investments irrevocably pledged to the <br /> payment of the Previously Refunded Bonds and any other water and sewer revenue bonds <br /> pursuant to a plan of retirement or refunding. The words "Revenue of the System" shall also <br /> include any federal or state reimbursements of operating expenses to the extent such expenses <br /> are included as Costs of Maintenance and Operation of the System. <br /> "Revenue Bond Fund" means the "1985 City of Everett Water and Sewer Revenue Bond <br /> Fund" created in the office of the Treasurer by Section 7 of Ordinance No. 1139-85 of the City <br /> for the sole purpose of paying and securing the payment of the principal of, premium, if any, and <br /> interest on Parity Bonds. <br /> "Revenue Fund" means the Water and Sewer Revenue Fund of the City created by <br /> Section 6 of Ordinance No. 536-78 of the City. <br /> "Sinking Fund Account" means any account created in the Revenue Bond fund to <br /> amortize the principal of Term Bonds. <br /> "SRF Loan Agreement" means the Washington State Water Pollution Control State <br /> Revolving Fund (SRF) Loan Agreement between the State of Washington Department of <br /> Ecology and the City, Loan No. SRF 90-004, as amended. <br /> "System" means the sanitary sewage collection and treatment system of the City, <br /> including facilities for the collection and disposal of storm water runoff, as it now exists and as it <br /> may later be added to, extended and improved, and the existing water supply and distribution <br /> system of the City, including the interest of the City in the water supply facilities constructed by <br /> Public Utility District No. 1 of Snohomish County pursuant to the Sultan River Project <br /> -10- DOTOQ5 DOC 98/04/28 <br />
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