Laserfiche WebLink
1 <br /> (1) if the Future Parity Bonds being issued are for the purpose of refunding <br /> Outstanding Parity Bonds; or <br /> (2) if the Future Parity Bonds are being issued to pay costs of construction of <br /> facilities of the System for which Future Parity Bonds have been issued previously and the <br /> principal amount of such Future Parity Bonds being issued for completion purposes does not <br /> exceed an amount equal to an aggregate of 15% of the principal amount of Future Parity Bonds <br /> theretofore issued for such facilities and reasonably allocable to the facilities to be completed as <br /> shown in a written certificate of the Chief Financial Officer, and there is delivered a Designated. <br /> Representative's certificate stating that the nature and purpose of such facilities has not <br /> materially changed. <br /> (c) Certificate of the City WithoutA Consultant. If required pursuant to the foregoing <br /> subsection(a)(3), a certificate may be delivered by the City (executed by the Chief Financial <br /> Officer) without a Consultant if Net Revenues for the Base Period (confirmed by an audit) <br /> conclusively demonstrate that the Parity Requirement will be fulfilled commencing with the first <br /> full fiscal year following the date on which any portion of interest on the series of Future Parity <br /> Bonds then being issued will not be paid from the proceeds of such series of Future Parity <br /> Bonds. <br /> (d) Certificate of a Consultant. Unless compliance with the requirements of <br /> subsection(a)(3)have been otherwise satisfied(as provided in(b) or(c) above), compliance with <br /> the Parity Requirement shall be demonstrated conclusively by a certificate of a Consultant. <br /> In making the computations of Net Revenues for the purpose of certifying compliance <br /> with the Parity Requirement,the Consultant shall use as a basis the Net Revenues (which may be <br /> -441 P:\20287 CM1M20267 BN9 10/11/16 <br />