Ordinance 1994-1145 - Laserfiche WebLink

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NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. DefInitions. As used herein, unless the context clearly indicates otherwise, the following terms shall have the respective meanings set forth below: Banlc Colorado National Bank, in Denver, Colorado, or its successor, a commercial bank duly organized and existing under the laws of the United States of America, being a member of the Federal Deposit Insurance Corporation, and having full and complete trust powers. BenefIcial Owner: any person for which a Participant acquires an interest ill the Bonds. Bond Account: a special account of the City designated as the "City of Louisville Sewer Revenue Bond Account, 1994", created by the provisions of this Ordinance. Bond Insurance Policy: the municipal bond new issue insurance policy issued by the applicable Bond Insurer and guaranteeing the timely payment of the principal of and interest on the Bonds or Parity Lien Bonds, as the case may be. Bond Insurer: with respect to the Bonds, Financial Guaranty Insurance Company, a New York stock insurance company, or any successor thereto, and with respect to any Parity Lien Bonds, the financial institution, if any, guaranteeing the timely payment of the principal of and interest on such Parity Lien Bonds. Bond Purchase A2reement: the agreement between the City and the Underwriter, concerning purchase of the Bonds by the Underwriter. Bond Re2istrar: Colorado National Bank, in Denver, Colorado, or its successor, which shall perform the registration and transfer functions of bond registrar as set forth in this Ordinance. Bonds: the Sewer Revenue Refunding Bonds, Series 1994, dated May 1, 1994, issued in the aggregate principal amount of $2,345,000, as authorized by this Ordinance. Capital Improvements: the acquisition of land, easements, facilities, and equipment (other than ordinary repairs and replacements), and the construction or reconstruction of improvements, betterments, and extensions, for use by or in connection with the System. -5-