Laserfiche WebLink
• <br /> 0 <br /> Assessments means any assessments levied in any utility local improvement district of <br /> the. City created for the acquisition or construction of additions and improvements to and <br /> extensions of the System, if such assessments are pledged to be paid into the Revenue Bond <br /> Fund. The term Assessments shall also include any installments of assessments and any interest <br /> or penalties that may be due thereon. <br /> Assessment Income means the principal of and interest on assessments levied in any <br /> utility local improvement district and pledged to be paid into the Revenue Bond Fund. In the <br /> case of assessments payable in installments, Assessment Income shall be allocated to the years in <br /> which it would be received if the unpaid principal balance of each assessment roll were paid in <br /> equal principal amounts over the remaining number of installments with interest on the declining <br /> balance at the times and at the rate provided in the ordinance confirming the assessment roll. <br /> Average Annual Debt Service means, with respect to any issue of Parity Bonds, the <br /> average amount of Annual Debt Service that will become due on such Parity Bonds for the <br /> period from the date of such calculation until the final maturity date of such Parity Bonds then <br /> outstanding. <br /> Balloon Maturity Bonds means any evidences of indebtedness of the City payable from <br /> Revenue of the System that are so designated in the ordinance pursuant to which such <br /> indebtedness is incurred. <br /> Base Period means any consecutive 12-month period selected by the City out of the <br /> 36-month period next preceding the date of issuance of an additional series of Future Parity <br /> Bonds. <br /> 745 <br /> P:\20287 CMW\20287 960 02/07/11 <br />