Ordinance 1985-879 - Laserfiche WebLink

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WHEREAS, it is necessary to provide for the form 0 f the .- Bonds, the Bond details, the payment of the Bonds, and other pro- visions relating to the authoriza tion, issuance, and sale of the Bonds: NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LOUISVILLE, COLORADO: Section 1. Definitions. As used herein, unless the context clearly indicates otherwise, the following capitalized terms shall have the respective meanings set forth below: Bond Fund: a special fund of the City designated as the "City of Louisville Se we r Revenue Bond and Interest Fund, 1975" , created by the ordinance authorizing the issuance of the 1975 Bo nds . Bond Purchase Agreement: the agreement dated January 7, 1986, between the City and the Underwriter, concerning purchase of the Bonds by the Underwriter. Bond Registrar: Central Bank of Denver, a banking cor- poration, 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 Se we r Revenue Bonds, Se r i e s 1985, dated De cember 15, 1985, issued in the aggregate principal amount of $2,755,000, as authorized by this Ordinance. 1975 Bonds: the City's Sewe r Revenue Bo nd s , d at ed December 1, 1975, issued in the orig inal principal amount of $280,000, and presently outstanding in the principal amount of $125,000. 1982 Bonds: the City's Sewer Revenue Bonds, d at ed July 1, 1982, issued in the original principal amount of $575,000, and presently outstanding in the principal amount of $575,000. Capital Improvements: the acquisition of land, ease- ments, facilities, and equipment (other than ordinary repairs and replacements), and the construction or reconstruction of improve- ments, bet terments, and extensions, for use by or in connection with the System. - 4 -