Ordinance 3450-15 - Laserfiche WebLink

SRF Loans mean the State Revolving Fund loans identified in the following chart. Principal Balance Date of Issue Original Amount Bond Holder/Program Lender (December 31, 2014) 10/01/04 $ 4,040,000 SRF Clearwell No 2 $ 2,448,311 10/01/05 4,040,000 SRF Clearwell No 2 2,551,579 10/01/06 3,030,000 SRF Clearwell No 2 2,073,158 SRF Design & Const. of 2nd 5 -Million 03/04/08 4,040,000 Gallon Clearwell 2,986,474 03/03/09 3,030,000 SRF Recovered Water Outfall 1,086,748 02/26/14 1,994,497 SRF Bond St CSO Control Facilities 1,890,991 Surety Bond means one or more of the surety bond(s), if any, issued by the Surety Bond Issuer on the date of issuance of the Bonds for the purpose of satisfying all or a portion of the Reserve Requirement; provided that the Surety Bond meets the requirements for "Qualified Insurance." There may be more than one Surety Bond. Surety Bond Agreement means any Agreement between the City and the Surety Bond Issuer with respect to the Surety Bond. Surety Bond Issuer means the surety bond issuer(s), if any, issuing a surety bond for the purpose of satisfying all or a portion of the Reserve Requirement. There may be more than one Surety Bond Issuer. System means the sanitary sewage collection and treatment system of the City, including facilities for the collection and disposal of storm water runoff, as it now exists and as it may later be added to, extended and improved, and the existing water supply and distribution system of the City, including the interest of the City in the water supply facilities constructed by Public Utility District No. 1 of Snohomish County pursuant to the Sultan River Project Agreement, as it now exists and as it may later be added to, extended and improved, for as long as Parity Bonds remain outstanding. -17- P:\20287 CMVN20287 B32 09/09/15