Ordinance 2690-03 - Laserfiche WebLink

ownership of the property by the Private Person as well as other arrangements that transfer to the Private Person the actual or beneficial use of the property (such as a lease, management or incentive payment contract or other special arrangement) in such a manner as to set the Private Person apart from the general public. Use of property as a member of the general public includes attendance by the Private Person at municipal meetings or business rental of property to the Private Person on a day-to-day basis if the rental paid by such Private Person is the same as the rental paid by any Private Person who desires to rent the property. Use of property by nonprofit community groups or community recreational groups is not treated as Private Person Use if such use is incidental to the governmental uses of property, the property is made available for such use by all such community groups on an equal basis and such community groups are charged only a de minimis fee to cover custodial expenses. Projects means the plan of improvements to the System as provided in Section 3 of this resolution. Qualified Insurer means an insurance company licensed to conduct business in any state of the United States or as ervice c orporation acting o n b ehalf o f one o r m ore such insurance companies, which insurance company or service corporation is rated either Aaa by Moody's Investors Service, Inc., or AAA by Standard &Poor's Corporation. Refunded Bonds means the 1993 Bonds maturing on and after July 1, 2004. Refunding Account means the special account of the City created pursuant to Section 18 of this ordinance. Refunding Bonds means not to exceed $20,000,000 of the Bonds issued pursuant to this resolution for the purpose of refunding the Refunded Bonds, funding a proportionate share of the Reserve Requirement and paying a proportionate share of the costs of issuance. -9- P:\CMW\CMW5NP 04/22/03