Laserfiche WebLink
"Ordinance" means this Ordinance, numbered as set forth on the titl page hereof, and <br /> passed by the Council on the 3rd day of February, 2014. <br /> "Paying Agent" means U.S. Bank National Association, Indianapolis, Indiana, or a <br /> successor thereto or a successor designated as Paying Agent hereunder. <br /> "Pledged Taxes" means the taxes levied on the taxable property witt in the City to pay <br /> principal of and interest on the Bonds as made in Section 13 hereof. <br /> "Purchaser" means Raymond James & Associates, Inc., Chicago, Illinois. <br /> "Tax-exempt" means, with respect to the Bonds, the status of interest paid and received <br /> thereon as excludable from the gross income of the owners thereof under th Code for federal <br /> income tax purposes. <br /> "Term Bonds" means Bonds subject to mandatory redemption and esignated as term <br /> bonds in the Bond Notification. <br /> "Treasurer" means the Treasurer of the City. <br /> Section 2. Incorporation of Preambles. The Council hereby finds that all of the <br /> recitals contained in the preambles to this Ordinance are true, correct and complete and does <br /> incorporate them into this Ordinance by this reference. <br /> Section 3. Determination to Isszte Bonds. It is necessary and desirab e to undertake the <br /> Project, to pay all related costs and expenses incidental thereto, and to borromoney and issue <br /> the Bonds for such purposes. It is hereby found and determined that such borr wing of money is <br /> necessary for the welfare of the government and affairs of the City, is for a proper public purpose <br /> or purposes and is in the public interest, and is authorized pursuant to the Act; and these findings <br /> and determinations shall be deemed conclusive. <br /> Section 4. Bond Details. For the purpose of providing for such costs, there shall be <br /> issued and sold the Bonds in the principal amount of not to exceed $26,000 000. The Bonds <br /> -4- <br />