03-1461 Gas Tax Bonds - Laserfiche WebLink

Home Browse Search

"Bond Amortization Account" shall mean the separate account in the Debt Service Fund established pursuant to Section 4.04 hereof. "Bond Counsel" shall mean Nabors, Giblin & Nickerson, P .A., or any other attorney at law or firm of attomeys, of nationally recognized standing in matters pertaining to the federal tax exemption of interest on obligations issued by states and political subdivisions, and duly admitted to practice law before the highest court of any state of the United States of America. "Bond Insurance Policy" shall mean a municipal bond new issue insurance policy or policies, if any, issued by an Insurer guaranteeing the payment of the principal of and interest on any portion of a Series of Bonds. "Bondholder" or "Holder" or "holder of Bonds" or any similar term, when used with reference to a Bond or Bonds, shall mean any person who shall be the registered owner of any Outstanding Bond or Bonds as provided in the registration books of the Issuer. "Bonds" shall mean the Series 2003 Note, together with any Additional Bonds issued pursuant to this Resolution. "Business Day" or "business day" shall mean any day other than a Saturday, Sunday or a day on which banking institutions within the State or the City are authorized by law to remain closed. "City" shall mean the City of Casselberry, Florida, or any successor thereto. "City Commission" shall mean the City Commission of the City, or its successor in function. "Clerk" shall mean the City Clerk of the City and such other person as may be duly authorized to act on his or her behalf. "Code" shall mean the Internal Revenue Code of I 986, as amended, and the regulations and rules thereunder in effect or proposed. "Construction Fund" shall mean the City of Casselberry, Florida Gas Tax Revenue Bond Construction Fund established pursuant to Section 4.03 hereof. "Cost" when used in connection with a Project, shall mean (I) the Issuer's cost of physical construction; (2) costs of acquisition 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 the period of construction of such Project and a reasonable period subsequent to completion of construction as the City Commission shall determine; (6) architectural, engineering, legal and other consultant fees and expenses; (7) costs 5