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<br />"Maximum Assessment Rate" means the maximum rate of assessment <br /> <br />established by the Final Assessment Resolution for the service, facility, program, or Local <br />Improvement identified in the Initial Assessment Resolution. <br />"Obligations" means bonds or other evidence of indebtedness including but not <br />limited to, notes, commercial paper, capital leases, reimbursable advances by the City, or <br />any other obligation issued or incurred to finance any portion of the Project Cost of Local <br />Improvements and secured, in whole or in part, by proceeds of the Assessments. <br />"Ordinance" means this Master Capital Project and Service Assessment <br />Ordinance, as it may be amended from time-to-time. <br />"Owner" shall mean the Person reflected as the owner of Assessed Property on the <br />Tax Roll. <br />"Person" means any individual, partnership, firm, organization, corporation, <br />association, or any other legal entity, whether singular or plural, masculine or feminine, as <br />the context may require. <br />"Pledged Revenue" means, as to any series of Obligations, (A) the proceeds of <br />such Obligations, including investment earnings, (B) proceeds of the Assessments pledged <br />to secure the payment of such Obligations, and (C) any other legally available non-ad <br />valorem revenue pledged, at the City Commission's sole option, to secure the payment of <br />such Obligations, as specified by the ordinance or resolution authorizing such Obligations. <br />"Preliminary Rate Resolution" means the resolution described in Section 3.08 <br />hereof initiating the annual process for updating the annual Assessment Roll and directing <br />the reimposition of Service Assessments pursuant to an Annual Rate Resolution. <br /> <br />5 <br />