Ordinance 1994-1170 - Laserfiche WebLink

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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 Fund or any similar account for Parity Lien Bonds; (iii) moneys retained by the State Department of Revenue for costs of collection, administration and enforcement of the sales and use 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), Colorado Revised Statutes, a plan of development as defined in Section 31-25-802(6.4), Colorado Revised Statutes, or a value capture plan as defined in Section 43-4-508, Colorado Revised Statutes. Proiect: (1) The acquisition ofland in and around the City for open space buffer zones, trails, wildlife habitats, wetland preservation and future parks and all necessary appurtenant facilities, (2) funding the Reserve Account and (3) paying the costs of issuing the Bonds. Purchaser: Kirkpatrick Pettis, A Mutual of Omaha Company, the original purchaser of the Bonds. Rebate Fund: the fund created and established hereby for the purpose of complying with the provisions Section 18( f) hereof. Record Date: the fifteenth day of the calendar month next preceding each interest payment date of the Bonds. Reserve Account: the account of the Capital Improvement Fund established hereby for the purpose of further securing the payment of the principal of and interest on the Bonds. Sales Tax: the City's three-eighths percent (.375%) sales and use tax on the sale of tangible personal property at retail and the furnishing of services imposed by the Open Space Sales Tax Ordinance. Special Record Date: a special date fixed to determine the names and addresses of Registered Owners of Bonds for purposes of paying interest on a special interest payment date for the payment of defaulted interest. Subordinate Lien Bonds: additional bonds, notes, certificates, contracts, or other similar obligations, issued in accordance with Section 19 hereof, payable in whole or in part from -11-