2016/10/19 Council Agenda Packet

P I accounting firm or engineer appointed by the City to make such calculation or to provide such certificate. Continuing Disclosure Agreement means the agreement entered into by the Chief Financial Officer pursuant to Section 17 of this ordinance in order to permit the successful bidder for the Bonds to comply with the Rule. Cost of Issuance Agreement means the agreement of that name, to be entered into by the City and the Escrow Agent,providing for the payment of certain costs of issuance with respect to the issuance of the Bonds. Costs of Maintenance and Operation means all necessary operating expenses, current maintenance expenses, expenses of reasonable upkeep and repairs, and insurance and administrative expense with respect to the System, but excludes depreciation, payments for debt service or into reserve accounts, costs of capital additions to or replacements of the System, municipal taxes, or payments to the City in lieu of taxes. Council means the general legislative body of the City as the same shall be duly and regularly constituted from time to time. Coverage Stabilization Account means the account of that name maintained pursuant to Section 6(c) of this ordinance. Covered Bonds means the Outstanding Parity Bonds, the Bonds and those Future Parity Bonds designated in the ordinance authorizing their issuance as Covered Bonds secured by the Reserve Account. Credit Facility means a policy of municipal bond insurance, a letter of credit, surety bond, line of credit, guarantee or other financial instrument or any combination of the foregoing, P:120287_CM1M20287_BN9 10/11/16