CT2016-2060 Contract - Laserfiche WebLink

Home Browse Search

"Pledged Revenues" means the moneys derived by the District from the following sources,net of any costs of collection: (a) the Limited Mill Levy; (b) the Specific Ownership Taxes received by the District to the extent necessary to pay debt service on the Series 2013 Bonds and the Promissory Notes; and (c) any other legally available moneys credited to the Note Account, including Special Assessment revenues,if any. "Project" means any purpose for which proceeds of the Promissory Notes may be expended under the Enabling Laws and the Ballot Authorization, as more specifically described in Appendix 1 to the Loan Contracts. "Project Account" means the "2014 CWCB Promissory Notes Project Account," established by the provisions hereof for the purpose of paying the Project Costs. The Project Account may include separate subaccounts relating to the respective Loan Contracts. "Project Costs" means the District's costs properly attributable to the Project and permissible as"Eligible Expenses"as set forth in provision B(2) of the Loan Contracts. "Promissory Notes" means the Promissory Notes evidencing the District's repayment obligation from the date of substantial completion of the Project, as set forth in Appendix 2 to the Loan Contracts. "Required Reserve Amount" means the amount equal to an annual loan payment as specified for the Required Reserve Amount under Section A(8)(c) of the Loan Contract. "Reserve Account" means a special account of the District designated as the "2014 CWCB Promissory Notes Reserve Account," created by this Ordinance for the purpose of paying,if necessary,the principal of and interest on the Promissory Note. "Resolution"means this Resolution,including any amendments or supplements hereto. "Series 2013 Bonds"means the District's Limited Tax General Obligation Bonds, Series 2013, issued on or about April 30, 2013 pursuant to the Series 2013 Bond Resolution. "Series 2013 Bond Resolution" means the District resolution adopted by the Board on March 19,2013,which provided for the issuance of the Series 2013 Bonds. "Special Assessments" means the special assessments levied and collected by the District for maintaining and operating the System and for paying the obligations of the District for special benefits accruing to property within the municipalities for which use of water is allocated as provided in Section 123 of the Water Conservancy Act, for special benefits accruing to property within public corporations for which use of water is allocated as provided in Section 124 of the Water Conservancy Act, and for special benefits accruing to land for which use of water is allocated as provided in Section 125 of the Water Conservancy Act, or any 4 4842-9493-1230.1