Ordinance 1993-1130 - Laserfiche WebLink

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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 wbich are pledged to the payment of obligations issued pursuant to an urban renewal plan as defmed in Section 31-25-103(9), Colorado Revised Statutes, a plan of development as defmed in Section 31- 25-802(6.4), Colorado Revised Statutes, or a value capture plan as defmed in Section 43-4- 508, Colorado Revised Statutes. Purchaser: Kirkpatrick, Pettis, Smith, Polian, Inc. the original purchaser of the Bonds. Rebate Fund: the fund created established hereby for the purpose of complying with the provisions Section 26(0 hereof. Record Date: the last day of the calendar month next preceding each interest payment date of the Bonds. Refunded Bond Reauirements: has the meaning provided in Section 18 hereof. Refunded Bonds: the outstanding 1989 Bonds. RefundinlZ Proiect: the refunding, paying and discharging of the Refunded 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 percent (3%) sales tax on the sale of tangible personal property at retail and the furnishing of services imposed by the Sales Tax Ordinance. Sales Tax Ordinance: Ordinance No. 981, Series 1989, of the City, passed and adopted on February 7, 1989, and approved at the special municipal election held on March 21, 1989. 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 27 hereof, payable in whole or in - 7 -