Ordinance 2003-1426 - Laserfiche WebLink

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whether such taxes or fees are imposed by the City, the State or any other political subdivision thereof; all to the extent that any of the foregoing are at any time required by Section 17 hereof to be deposited into and held in the Capital Improvement Fund, the Bond Account or the Reserve Account. The term "Pledged Revenues" does not include: (i) any amounts determined, pursuant to the Sales Tax Ordinance, and other applicable law, to be subject to valid claims for refunds; (ii) amounts in or required to be paid into the Rebate Account or any similar account for Parity Lien Bonds; (iii) moneys retained by the City for costs of collection, administration and enforcement of the Sales Tax; (iv) amounts lawfully withheld by retailers; (v) the proceeds of any increase in such Sales Tax which may be approved in the future unless expressly pledged to the payment of the Bonds by the Council; or (vi) incremental sales taxes which are pledged to the payment of obligations issued pursuant to an urban renewal plan as defined in Section 31-25- 103(9), C.R.S., a plan of development as defined in Section 31-25-802(6.4), C.R.S., or a value capture plan as defined in Section 43-4-508, C.R.S. Policy Costs: repayment due the Bond Insurer for draws under the Reserve Account Credit Facility, expenses and interest thereon, in the order and manner provided in the Reserve Account Guaranty Agreement. Proposal: the proposal of the Purchaser to purchase the Bonds. Purchaser: the purchaser of the Bonds designated in the Sale Certificate. Rebate Account: the fund created and established pursuant to the Refunded Bond Ordinance and continued hereby for the purpose of complying with the provisions of Section 17(c) hereof. Record Date: the fifteenth (15th) day of the calendar month next preceding each interest payment date. Redemption Date: December 1, 2003. Refunded Bond Ordinance: Ordinance No. 1130, Series of 1993, which authorized the 1993 Bonds. Refunded Bond Requirements: the payment of (i) the interest due on the Refunded Bonds, both accrued and not accrued, as the same become due on and after the date of delivery of the Bonds and on and before the Redemption Date; (ii) the principal of the Refunded Bonds upon maturity or prior redemption on the Redemption Date; and (iii) a 1% premium for the Refunded Bonds maturing on and after December 1, 2004. 4