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Ordinance 4083-25
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Ordinance 4083-25
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Last modified
3/20/2025 1:25:38 PM
Creation date
3/20/2025 1:22:39 PM
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Ordinances
Ordinance Number
4083-25
Date
3/19/2025
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Section 1 . <br />Section 2 . <br />Section 3 . <br />Section 4 . <br />Section. 5 . <br />Section 6 . <br />Section 7 . <br />Section 8 . <br />Section 9 . <br />Section 10 <br />Section 11 <br />Section 12 <br />Section 13 <br />Section 14 <br />Section 15 <br />Section 16 <br />Section 17 <br />Section 18 <br />Section 19 <br />Section 20 . <br />Section 21 . <br />Section 22 . <br />Section 23 . <br />Section 24 . <br />Section 25 . <br />Section 26 . <br />Section 27 . <br />EXHIBITS <br />TABLE OF CONTENTS <br />Findingsand Determinations............................................................................................... 1 <br />Definitions............................................................................................................................ 2 <br />Purpose and Authorization of the Bonds........................................................................... 12 <br />Description of Bonds; Appointment of Designated Representative .................................. 12 <br />Bond Registrar; Registration and Transfer of Bonds, . 0 0 0 5 a 0 0 0 0 * a 0 * 0 a 6 0 # a * 0 * 6 a * a 0 0 12 <br />Form and Execution of Bonds. a a 6 a a a * a 4 a a 0 0 0 0 0 * a a a 0 0 4 a 6 a 0 a 6 # 6 6 # a 6 0 0 0 0 a 4 6 a 6 0 0 a 0 0 # 0 0 a 0 0 0 0 a 0 a a 0 a 0 V a a a a a 6 a a # 0 # 0 0 a 6 a 6 0 6 a a 0 13 <br />Paymentof the Bonds........................................................................................................ 13 <br />Deposit and Use of Bond Proceeds............... 6 a 4 6 0 6 0 # 6 * a 0 0 a 4 a 0 0 a 0 # 0 a 0 0 0 0 0 a * 0 0 0 4 a 0 0 0 0 a a a a a 0 a 6 0 a 0 a 0 0 a a a 6 6 a 6 a a a a a 4 14 <br />Redemption Provisions and Purchase of Bonds................................................................. 14 <br />Refunding or Defeasance of the Bonds.............................................................................. 15 <br />FailureTo Pay Bonds......................................................................................................... 16 <br />Pledge of Net Revenue and Lien Position......................................................................... 16 <br />Revenue Bond Fund; Payments into the Revenue Bond Fund .......................................... 16 <br />Water &Sewer System Revenue Fund; Flow of Funds .................................................... 18 <br />Coverage Stabilization Account......................................................................................... 19 <br />BondCovenants................................................................................................................. 19 <br />Provisions for Future Parity Bonds.................................................................................... 22 <br />SeparateUtility Systems. 0 a * 0 0 0 0 a a 0 a 0 6 0 a a 6 a 6 a a a a a 0 * 0 0 0 0 0 0 a * 0 0 0 0 0 0 4 0 0 & 0 0 0 0 0 0 0 0 a 0 & 0 8 a a a 0 a 4 a a 0 6 6 a 0 a a 6 a a a a a a 6 a 6 # * 0 a 0 a 0 0 0 0 0 4 0 0 a 0 022 <br />Contract Resource Obligations.......................................................................................... 22 <br />TaxCovenants. 0 0 4 0 a 0 0 0 0 a 0 a 0 * 0 a a 0 0 a 0 9 & 0 a 0 8 a a a 6 a a a 6 a a 6 a a 0 a 0 0 a 0 0 6 0 0 0 # 0 0 0 0 a 0 6 a a 0 a 0 & a 5 9 0 8 6 a a a a 6 # a a 6 a * a 6 * 4 0 0 a 6 a a 6 6 a a 6 0 6 0 a a 23 <br />Amendatory and Supplemental Ordinances. . 8 4 a 6 a 6 4 a a a 0 0 a 6 # 0 4 0 a 0 a 0 0 0 9 0 0 0 0 * 0 0 0 * a 0 0 0 a 0 0 0 0 0 0 0 0 4 0 0 0 a a 0 0 0 0 a 0 6 a a 0 6 0 6 * 0 624 <br />Defaults and Remedies...................................................................................................... 25 <br />Sale and Delivery of the Bonds.......................................................................................... 28 <br />Official Statement; Continuing Disclosure........................................................................ 29 <br />General Authorization and Ratification............................................................................. 29 <br />Severability........................................................................................................................ 29 <br />Effective Date of Ordinance.............................................................................................. 29 <br />EXHIBIT A ................................. OUTSTANDING PARITY BONDS AND SUBORDINATE DEBT <br />EXHIBIT B...................................................................................................... PARITY CONDITIONS <br />EXHIBIT Co.. so* go* 0894000 6660000 *a******* *64 04 0609604 too 0000 we **%too <br />PARAMETERS FOR BOND SALE TERMS <br />EXHIBIT Do.. 000 0400009 80#600 so 066*60868 0#60#60 0 04 000*00*0*0*0 <br />DESCRIPTION OF PROJECTS <br />EXHIBIT E........................................... FORM OF CONTINUING DISCLOSURE UNDERTAKING <br />i <br />
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