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Res13 15263
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Res13 15263
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Last modified
10/11/2019 7:49:21 AM
Creation date
10/11/2019 7:49:02 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Public Finance Authority
Date
5/20/2013
Description
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY AUTHORIZING PROCEEDINGS AND AGREEMENTS RELATING TO THE REFINANCING AND FINANCING OF CERTAIN WATER FACILITIES, APPROVING ISSUANCE AND SALE OF BONDS BY THE CITY OF REDWOOD CITY PUBLIC FINANCING AUTHORITY, APPROVING AN OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL ACTIONS
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"Generally Accepted Accounting Principles"means the uniform accounting and reporting <br /> procedures prescribed by the California State Controller or his or her successor for municipal <br /> corporations in the State of California, or failing the prescription of such procedures means <br /> generally accepted accounting �principles as presented and recommended by the American <br /> Institute of Certified Public Accountants or its successor, or by the Governmental Accounting <br /> Standards Board or its successor, or by any other generally accepted authority on such principles. <br /> "Indenture" means this Indenture of Trust by and between the Trustee and the Authority, � <br /> dated as of June 1, 2013 as originally executed and entered into and as it may from time to time <br /> be amended or supplemented in accvrdance herewith. <br /> "Independent Certified Public Accountant" means any firm of certified public <br /> accountants appointed by the Authority which is independent pursuant to the Statement on <br /> Auditing Standards No. 1 of the American Institute of Certified Public Accountants. <br /> "Information Services" means in accordance with then-current guidelines of the <br /> Securities and Exchange Commission, the Electronic Municipal Market Access System (referred <br /> to as "EMMA"), a facility of the Municipal Securities Rulemaking Board (at <br /> http://emma.msrb.org), or such service or services as the Authority may designate in a certificate <br /> delivered to the Trustee. <br /> "Interest Payment Date" means August 1, 2013 and each February 1 and August 1 <br /> thereafter. <br /> "Installment Purchase ContracY' means the Installment Purchase Contract, dated as of <br /> June 1, 2013 between the Authority and the City. <br /> "Installment Payment Date" means the date three (3) Business Days prior to each <br /> February 1 and August l, commencing in July 2013. <br /> "Installment Payments" mean the aggregate amount of all the payments required to be <br /> paid by the City pursuant to the Installment Purchase Contract, as set forth in Exhibit B to the <br /> Installment Purchase Contract. <br /> "Moody's"means Moody's Investors Service, Inc.,its successors and assigns. . <br /> "Net Proceeds"means, when used with respect to any insurance or condemnation award, <br /> the proceeds from such insurance or condemnation award remaining after payment of all <br /> reasonable expenses (including attorneys' fees) incurred in the collection of such proceeds. � <br /> "Nominee" means (a) initially, Cede & Co., as nominee of DTC, and (b) any other <br /> nominee of a Depository designated pursuant to Section 2.11 hereof. <br /> -5- <br /> 338471 1.DOC <br />
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