2016/10/19 Council Agenda Packet

I Surety Bond Agreement means any Agreement between the City and the Surety Bond Issuer with respect to the Surety Bond. Surely Bond Issuer means the surety bond issuer(s), if any, issuing a surety bond for the purpose of satisfying all or a portion of the Reserve Requirement. There may be more than one Surety Bond Issuer. System means the sanitary sewage collection and treatment system of the City, including facilities for the collection and disposal of storm water runoff, as it now exists and as it may later be added to, extended and improved, and the existing water supply and distribution system of the City, including the interest of the City in the water supply facilities constructed by Public Utility District No. 1 of Snohomish County pursuant to the Sultan River Project Agreement, as it now exists and as it may later be added to, extended and improved, for as long as Parity Bonds remain outstanding. 2009 Bond Ordinance means Ordinance No. 3123-09 adopted by the Council on April 15, 2009. 2009 Bonds mean the City's outstanding Water and Sewer Revenue and Refunding Bonds,2009, issued under date of May 13,2009,pursuant to Ordinance No. 3123-09. 2009 Refunding Bond Candidates means all or a portion of the 2009 Bonds maturing on and after December 1,2019. 2011 Bond Ordinance means Ordinance No. 3211-11 adopted by the Council on March 2, 2011. 2011 Bonds mean the City's outstanding Water and Sewer Revenue Bonds, 2011, issued under date of March 20, 2011,pursuant to Ordinance No. 3211-11. P:120287 CMVV120287 BN9 10/11/16