2013/01/09 Council Agenda Packet

I Approved Bid means the winning bid submitted for the Bonds. Balloon Maturity Bonds means any evidences of indebtedness of the City payable from Revenue of the System that are so designated in the ordinance pursuant to which such indebtedness is incurred. Base Period means any consecutive 12 -month period selected by the City out of the 36 -month period next preceding the date of issuance of an additional series of Future Parity Bonds. Beneficial Owner means any person that has or shares the power, directly or indirectly, to make investment decisions concerning ownership of any Bonds (including persons holding Bonds through nominees, depositories or other intermediaries). Bonds mean the City of Everett, Washington, Water and Sewer Revenue Refunding Bonds, 2013 authorized herein. Bond Register means the books or records maintained by the Registrar containing the name and mailing address of the owner of each Bond or nominee of such owner and the principal amount and number of Bonds held by each owner or nominee. Bond Year means each one-year period that ends on the date selected by the City. The first and last Bond Years may be short periods. If no day is selected by the City before the earlier of the final maturity date of the Bonds or the date that is five years after the date of issuance of the Bonds, Bond Years end on each anniversary of the date of issue and on the final maturity date of the Bonds. Call Date means July 1, 2013 for the 2003 Bonds and December 1, 2015 for the 2005 Refunded Bonds. Capital Appreciation Bonds means any Future Parity Bonds all or a portion of the interest on which is compounded, accuinulated and payable only upon redemption or on the 85- PA20287 CMVVt20287 9RC 01/02113