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�� �-�� .� _._. �. . . .._.. . <br /> hereinafter in this A�ticle III set forth, and shall be accounted for separately and apart from all � <br /> other money, funds, accounts or other resources of the City. <br /> Section 3.06. Establishment and Maintenance of Accounts for Gross Revenues: <br /> Use and Withdrawal of Gross Revenues. <br /> All Gross Revenues in the Revenue Fund shall be set aside by the Finance Officer or <br /> deposited by the Finance Officer with the Trustee, or the trustee or fiscal agent with respect to <br /> Parity Obligations, as the case may be, and shall be applied as follows and in the following <br /> order of priority: <br /> (1) Maintenance and Operation Costs. In order to carry out and effectuate <br /> the pledge and lien contained herein, the City agrees and covenants to pay all <br /> Maintenance and Operation Costs of the Enterprise (including amounts reasonably <br /> required to be set aside in contingency reserves for Maintenance and Operation Costs of <br /> the Enterprise, the payment of which is not then immediately required) from the Revenue <br /> Fund as they become due and payable. Pursuant to Section 5.07 hereof, the City shall <br /> annually prepare a budget for Maintenance and Operation Costs. <br /> (2) Debt Service Accounts. The Installment Payments, and payment of all <br /> • other Parity Obligations, shall be paid in accordance with the terms hereof and the <br /> Indenture, and of such Parity Obligations, without preference or priority, and in the event <br /> of any insufficiency of such moneys, ratably without any discrimination or preference. <br /> (3) Reserve Funds. Payments �equired hereunder, or with respect to Parity <br /> Obligations, to replenish reserve accounts established hereunder or therefore, shall be <br /> made in accordance with the terms hereof and of such Parity Obligations, without <br /> preference or priority, and in the event of any insufficiency of such moneys, ratably <br /> without any discrimination or preference. <br /> (4) General Exqenditures/Rate Stabilization Fund. All Net Revenues <br /> remaining after paying all of the sums required to be paid hereunder by the Finance <br /> Officer by the provisions of Sections 3.06 (1), (2) and (3) hereof, or in connection with <br /> any Parity Obligation may be withdrawn by the Finance Officer for expenditure for any <br /> lawful purpose of the City. From time to time the City may deposit in the Rate <br /> Stabilization Fund, from remaining Net Revenues described in this subsection (4) or <br /> other available funds of the City, such amounts as the City shall determine. The City <br /> may withdraw amounts from the Rate Stabilization Fund (i) for transfer to the Revenue <br /> Fund for inclusion in Gross Revenues for any Fiscal Year, or (ii) for any other lawful use <br /> of the City. All interest or other eamings upon deposits in the Rate Stabilization Fund <br /> shall be withdrawn therefrom and accounted for as Gross Revenues. <br /> Section 3.07. Certain Necessary Transfers. <br /> The pa�ties hereto acknowledge that although all Parity Obligations are secured equally <br /> and ratably by Net Revenues, debt service and other funds with respect to obligations other <br /> than the Series 2015 Bonds may be held by the Trustee or by trustees other than the Trustee <br /> under documents and agreements other than the Indenture and the Installment Purchase <br /> Contract, and the Installment Purchase Contract and the Indenture impose no obligations upon <br /> the Trustee with respect to such other obligations. The Finance Officer is hereby authorized to <br /> 9 <br />