Laserfiche WebLink
t , <br /> "Paying Agent" means The Bank of New York Mellon Trust Company, National <br /> Association, Chicago, Illinois, a bank or trust company having trust powers, or a successor <br /> thereto or a successor designated as Paying Agent hereunder. <br /> "Pledged Taxes" means the taxes levied on the taxable property within the City to pay <br />' principal of and interest on the Bonds as made in Section 10 hereof. <br /> "Private Business Use" means any use of any portion of the 2008 Public Capital <br /> Improvement Projects by any person other than a state or local governmental unit, including as a <br /> result of(i) ownership, (ii) actual or beneficial use pursuant to a lease or a management, service, <br /> incentive payment, research or output contract or (iii) any other similar anangement, agreement <br /> or understanding, whether written or oral, except for use of any portion of the 2008 Public <br /> Capital Improvement Projects on the same basis as the general public. "Private Business Use" <br /> includes any formal or informal arrangement with any person other than a state or local <br /> governmental unit that conveys special legal entitlements to any portion of the 2008 Public <br /> Capital Improvement Projects that is available for use by the general public or that conveys to <br /> any person other than a state or local governmental unit any special economic benefit with <br /> respect to any portion of the 2008 Public Capital Improvement Projects that is not available for � <br /> use by the general public. <br /> "Project Costs" means the sum total of all reasonable costs or necessary costs incurred in <br /> connection with the 2008 Public Capital Improvement Projects and as expressly authorized by <br /> the Act. <br /> "Project Fund" means the 2008 Public Capital Improvement Projects Fund established <br /> and so defined in Section 13 of this Ordinance. <br /> "Purchase Contract" means the agreement to purchase the Bonds dated as of the 15th <br /> day of December, 2008, by and between the City and the Purchaser and relating to the sale and <br /> purchase of the Bonds (as evidenced by an executed bid form). <br /> -6- <br />