Ordinance 1989-0992 - Laserfiche WebLink

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Section 1. Definitions. As used herein, unless the context clearly indicates otherwise, the following capitalized terms shall have the respective meanings set forth below: Bonds: the City's Sales Tax Revenue Bonds, Series 1989, dated April 15, 1989, in the aggregate principal amount of $5,265,000, as authorized by this Ordinance. Bond Account: a special account of the Capital Improvement Fund established hereby for the purpose of paying the principal of and interest on the Bonds. Bond Purchase Agreement: the agreement dated April 18, 1989, between the City and the Underwriter concerning the purchase of the Bonds by the Underwriter. Bond Registrar: Central Bank Denver, National Association, in Denver, Colorado, or its successor, which shall perform the registration and transfer functions of bond registrar as set forth in this Ordinance. Capital Improvement Fund: a special fund of the City designated as the "City of Louisville Sales Tax Capital Improvement Fund" established by the Sales Tax Ordinance. Certified Public Accountant: a certified public accoun- tant within the meaning of Section 12-2-115, C.R.S., licensed to practice in the State of Colorado. City: the City of Louisville, Colorado. Code: the Internal Revenue Code of 1986, as amended and supplemented from time to time. Combined Maximum Annual Principal and Interest Requirements: with regard to any two or more particular issues of bonds or other obligations, the maximum annual payments of principal of and interest on all of said issues (excluding redemption premiums) to become due during any Fiscal Year while such issues are outstanding; provided that if any particular issue has a single principal payment date and is issued as interim notes or securities in anticipation of permanent financing, such principal amount shall be excluded from this computation; provided - 41 -