P-280 FY21 Budget Ordinance SIGNED ADOPTED 06-10-20

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Revenue Bonds Series 2015 during the Fiscal Year July 1, 2020 - June 30, 2021, and the expenditure of said sum for such purpose is hereby authorized. SECTION 7. REVENUE BONDS SERIES 2012 INTEREST. For purposes of this Ordinance, "Revenue Bonds Series 2012" refers to those bonds authorized, issued and outstanding pursuant to Resolution No. P-2178 entitled "Resolution of the Board of Port Commissioners of the Port Department of the City of Redwood City Authorizing the Issuance of Revenue Bonds and the Execution and Delivery of a Second Supplemental Indenture and a Bond Purchase Agreement and Authorizing Certain Related Matters." The sum of Two Hundred Eighty Four Thousand and Seven Hundred Thirty Two dollars ($284,732) is hereby appropriated from general Port funds for the payment of interest on the Revenue Bonds Series 2012 during the Fiscal Year July 1, 2020 — June 30, 2021, and the expenditure of said sum for such purpose is hereby authorized. SECTION 8. REVENUE BONDS SERIES 2012 -PRINCIPAL. The sum of Four Hundred Fifty Seven Thousand and Five Hundred Sixty Four dollars ($457,564) is hereby appropriated from general Port funds for the payment of principal of the Revenue Bonds Series 2012 during the Fiscal Year July 1, 2020 - June 30, 2021, and the expenditure of said sum for such purpose is hereby authorized. SECTION 9. REVENUE BONDS SERIES 2012 -RESERVES. The sum of Seven Hundred Forty Two Thousand and Two Hundred Ninety Four dollars ($742,294) theretofore appropriated, transferred and carried over in the Parity Bond Reserve Fund account held by the Trustee, is hereby re -appropriated and maintained pursuant to Resolution No. P-2178 during the Fiscal Year July 1, 2020 - June 30, 2021. Ord/Introduced 05-27-2020 Ord/2ndReading 06-10-2020 4 of 6 P-280