Res90 11305 - Laserfiche WebLink

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"Bonds" or "Bonds of this Issue" means Limited Obligation Improvement Bonds, City of Redwood City, Seaport Centre Assessment District-1990, issued and at any time Outstanding. "Bond Year" means the twelve-month period beginning on the anniversary of the Closing Date in each year and ending on the day prior to the anniversary date of the Closing Date in the following year except that (i) the first Bond Year shall begin on the Closing Date, and (ii) the last Bond Year may end on a prior redemption date. "Certificate of the City" means a written certificate, statement, request, order or requisition signed by the Director of Finance or by any other officer of the City duly authorized by the Council for that purpose. "City" means the City of Redwood City, a chartered city and municipal corporation organized and existing under its charter and the Constitution and laws of the State, and any successor thereto. "City Clerk" means the duly elected, qualified and acting City Clerk of the City. "Closing Date" means the date upon which there is an exchange of any of the Bonds for the proceeds representing the purchase price of such Bonds by the Original Purchaser thereof. "Costs of Issuance" means all expenses incurred in connection with the authorization, issuance, sale and delivery of the Bonds, including but not limited to compensation, fees and expenses of the City and the Paying Agent and their respective counsel, compensation to any financial consultants and underwriters (other than those taken as discount on the Closing Date), legal fees and expenses, filing and recording costs, rating agency fees, costs of preparation and reproduction of documents, costs of compliance with Tax Regulations relating to rebate to the United States under Section 5.04 and costs of printing, mailing and publication. "Council" means the Council of the City. "Debt Service" means the scheduled amount of interest and amortization of principal payable on the Bonds during the period of computation, excluding amounts scheduled during such period which relate to principal which has been retired before the beginning of such period. "Director of Finance" means the duly appointed, qualified and acting Director of Finance or assistant or deputy thereof. "District" means that portion of the City described the area of the City denominated "Seaport Centre Assessment District - 1990" established in proceedings pursuant to the Resolution of Intention. "Escrow Deposit and Trust Agreement" means that certain agreement dated as of the Closing Date by and between the City and the Escrow Holder, whereby the Escrow Fund is established and administered. -3- 11305