95-910- Sales Tax Revenue Bonds, Series 1995

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"capital Appreciation Bonds" shall mean those Bonds so desig- nated by Supplemental Resolution of the Issuer, which may be either Serial Bonds or Term Bonds and which shall bear interest payable at maturity or redemption. In the case of Capital Appreciation Bonds that are convertible to Bonds with interest payable prior to maturity or prior to redemption of such Bonds, such Bonds shall be considered Capital Appreciation Bonds only during the period of time prior to such conversion. "City Manager" shall mean the City Manager of the Issuer, or such other person as may be duly authorized by the Issuer to act on his or her behalf. "Clerk" shall mean the City Clerk of the Issuer, or such other person as may be duly authorized by the Issuer to act on his or her behalf. "Code" shall mean the Internal Revenue Code of 1986, as amended, and the regulations and rules thereunder in effect or proposed. "Construction Fund" shall mean the City of Casselberry Sales Tax Revenue Bonds Construction Fund established pursuant to section 4.03 hereof. "Cost" when used in connection with a Project, shall mean (1) the Issuer's cost of physical construction; (2) costs of acqui- sition by or for the Issuer of such Project; (3) costs of land and interests therein and the cost of the Issuer incidental to such acquisition; (4) the cost of any indemnity and surety bonds and premiums for insurance during construction; (5) all interest due to be paid on the Bonds and other obligations relating to the Project during, and if deemed advisable by the Issuer for up to one (1) year after the end of, the construction period of such Project and for a reasonable period thereafter; (6) engineering, legal and other consultant fees and expenses; (7) costs and expenses inci- dental to the issuance of the Bonds for up to one (1) year, includ- ing the fees and expenses of any auditors, paying agent, registrar or depository; (8) payments, when due (whether at the maturity of principal or the due date of interest or upon redemption) on any indebtedness of the Issuer (other than the Bonds) incurred for such Project; (9) costs of machinery or equipment required by the Issuer for the commencement of operation of such Project; or (10) any other costs properly attributable to such construction or acquisi- tion, as determined by generally accepted accounting principles and shall include reimbursement to the issuer for any such items of Cost heretofore paid by the Issuer. Any Supplemental Resolution may provide for additional items to be included in the aforesaid Costs. "Credit Bank" shall mean as to any particular Series of Bonds, the Person (other than an Insurer) providing a letter of credit, a 3