19-3107 Initial Assessment Resolution for Sausalito Shores Subdivision Wall

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"Ordinance": Ordinance No. 09-1301, the Master Capital Project and Service Assessment Ordinance. "Platted Lot": a single-family residential building lot located in the Sausalito Assessment Area that is described on a map or plat recorded in the Official Records of Seminole County, Florida. "Project Cost": (A) the Capital Cost of the Sausalito Shores Subdivision Wall, (B) the Transaction Cost associated with the Obligations issued to finance the Sausalito Shores Subdivision Wall, (C) interest accruing on such Obligations for such period of time as the City deems appropriate, (D) the debt service reserve fund or account, if any, established for the Obligations, and (E) any other costs or expenses related thereto. "Property Appraiser": the Seminole County Property Appraiser. "Sausalito Assessment Area": the proposed Sausalito Assessment Area described in Section 3.01 hereof. "Sausalito Shores Subdivision Wall": a decorative brick masonry privacy wall, approximately 1,950 feet in length with a typical height of approximately six feet, including columns and entry feature(s), along the northern boundary of the Sausalito Assessment Area along Red Bug Lake Road. "Tax Collector": the Seminole County Tax Collector "Tax Parcel": a parcel of property to which the Property Appraiser has assigned a distinct ad valorem property tax identification number. "Tax Roll": the real property ad valorem tax assessment roll maintained by the Property Appraiser for the purpose of the levy and collection of ad valorem taxes. "Transaction Cost": the costs, fees and expenses incurred by the City in connection with the issuance and sale of any series of Obligations, including but not limited to (A) rating agency and other financing fees; (B) the fees and disbursements of bond counsel; (C) the underwriters' discount; (D) the fees and disbursements of the City's investment banker; (E) the costs of preparing and printing the Obligations, the preliminary official statement, the final official statement, and all other documentation supporting issuance of the Obligations; (F) the fees payable in respect of any municipal bond insurance policy; (G) Resolution 19-3107 Page 3 of 17