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"Finance Director" means the duly qualified, appointed and acting Finance Director of <br /> the City or any other officer who succeeds to the duties now delegated to that office. <br /> "Golf Course Project"means the improvements to the City-owned golf course and related <br /> facilities to be financed with Bond proceeds. <br /> "Insurer" means Financial Security Assurance Inc., a New York stock insurance <br /> company, or any successor thereto or assignee thereof, as issuer of a Bond Insurance Policy for <br /> the Bonds. <br /> "Letter of Representations" means the Blanket Letter of Representations from the City to <br /> DTC. <br /> "MSRB" means the Municipal Securities Rulemaking Board or any successor to its <br /> functions. <br /> "NRMSIR"means a nationally recognized municipal securities information repository. <br /> "Registered Owner" means the person in whose name a Bond is registered on the Bond <br /> Register. For so long as the City utilizes the book-entry system for the Bonds, DTC shall be <br /> deemed to be the Registered Owner. <br /> "Rule" means the SEC's Rule 15c2-12 under the Securities Exchange Act of 1934. <br /> "SEC" means the Securities and Exchange Commission. <br /> "SID" means a state information depository for the State of Washington (if one is <br /> created). <br /> "Underwriter"means BancAmerica Robertson Stephens, Seattle, Washington. <br /> Section 2. Findings. The City Council hereby finds that it is in the public interest for <br /> the City to construct improvements to the City's golf course and related facilities. The estimated <br /> -3- sco1 B DOC <br />