Ordinance 3291-12 - Laserfiche WebLink

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. Refunded Bonds mean the 2003 Bonds maturing on and after December 1, 2013. Registered Owner means the person named as the registered owner of a Bond in the Bond Register. For so long as the Bonds are held in book-entry only form, DTC shall be deemed to be the sole Registered Owner. Rule means the Commission's Rule 15c2-12 under the Securities Exchange Act of 1934, as the same may be amended from time to time. Savings Target means a dollar amount equal to at least eight percent (8.0%) of the outstanding principal of the Refunded Bonds. 2003 Bond Ordinance means Ordinance No. 2663-02, passed by the City Council on December 11, 2002. 2003 Bonds mean the Limited Tax General Obligation and Refunding Bonds, 2003, of the City issued under date of January 1, 2003, as more particularly described in the recitals of this ordinance. -5- P:\20287 CMW20287 9RD 08/14/12