Laserfiche WebLink
"Base Bid Contract Amount" means the Base Bid Contract Amount <br /> as set forth in the Construction Contract of $1, 684 , 173 . <br /> "Capitalized Financing Costs" means those Financing Costs <br /> incurred by the City directly as a result of the construction and <br /> financing of the Improvements that the City, in its sole <br /> discretion, determines to finance by adding such amounts to the <br /> principal component of Lease Payments to be made hereunder. Such <br /> determination must be made following substantial completion <br /> aeeeptanee—of the Improvements, and prior to bidding the take-out <br /> financing. <br /> "Certificate of Occupancy" means the final unconditional <br /> certificate issued by the City to Lessor certifying that the <br /> Improvements may be occupied. <br /> "City" means the City of Everett, a municipal corporation of <br /> the state of Washington. <br /> "City Council" means the City Council as the same may be <br /> constituted from time to time. <br /> "Code" means the federal Internal Revenue Code of 1986, as <br /> amended, together with applicable regulations thereunder. <br /> "Construction Contract" means that certain construction <br /> contract and related documentation dated as of May 31, 1991, <br /> executed by and between the City and Sierra Construction Co. , Inc. , <br /> and all amendments thereto. <br /> "Financing Costs" means any and all costs incurred or owed by <br /> the City in consideration for and relating to the take-out <br /> financing of the Improvements contemplated by Article XIX hereof, <br /> including but not limited to legal fees, financial advisor fees, <br /> printing fees, trustee fees, and other costs that the City is <br /> obligated to pay in connection therewith. The City, in its sole <br /> discretion shall determine which of the Financing Costs shall be <br /> treated as Capitalized Financing Costs and which shall be paid as <br /> Non-Capitalized Financing Costs. <br /> "Ground Lease" means that certain qGround 4-Lease by and <br /> between Lessor and City dated as of May 31, 1991, as amended and <br /> restated by the Amended and Restated Ground Lease by and between <br /> the City and Lessor dated of even date herewith of cvcn date <br /> hcrcwith. <br /> "Improvements" means all Improvements on the Leased Premises <br /> owned and constructed thereon by Lessor Ccllcr pursuant to the <br /> Construction Contracts Ground Lease and Lease, including but not <br /> B-26 KR170 92/01/27 <br />