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55A - RESO - GAS TAX BONDS
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11/05/2019
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55A - RESO - GAS TAX BONDS
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Last modified
10/30/2019 12:55:49 PM
Creation date
10/30/2019 11:40:51 AM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
55A
Date
11/5/2019
Destruction Year
2024
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"Indenture" means this Indenture of Trust, as originally executed or as it may from time <br />to time be supplemented, modified or amended pursuant to the provisions hereof. <br />"Independent Certified Public Accountant" means any certified public accountant or firm <br />of such accountants appointed and paid by the City, and who, or each of whom - <br />(a) is in fact independent and not under domination of the City; <br />(b) does not have any substantial identity of interest, direct or indirect, with <br />the City; and <br />(c) is not and no member of which is connected with the City as an officer or <br />employee of the City, but who may be regularly retained to make annual or other audits <br />of the books of or reports to the City. <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 City may designate in a certificate <br />delivered to the Trustee. <br />["Insurance Policy" means the municipal bond insurance policy securing the Series 2019 <br />Bonds and delivered by the Insurer.] <br />["Insurer" means (i) as provider of the Reserve Policy and as provider of the <br />Insurance Policy, and (ii) the provider of a municipal bond or financial guaranty insurance policy <br />with respect to an issue of Additional Obligations (other than the Series 2019 Bonds) or with <br />respect to an issue of bonds the proceeds of which are used to purchase an issue of Bonds (other <br />than the Series 2019 Bonds).] <br />"Interest Payment Date" means, with respect to the Series 2019 Bonds, January 1 and <br />July 1 in each year, beginning [July 1, 2020]. <br />"Maximum Annual Debt Service" means, at any point in time, with respect to <br />Obligations then outstanding, the maximum amount of Debt Service on the Obligations in the <br />then current or any future Fiscal Year or other period, calculated by the City or by an <br />Independent Certified Public Accountant and provided to the Trustee. <br />"Moody's ' means Moody's Investors Service, a corporation duly organized and existing <br />under and by virtue of the laws of the State of Delaware, and its successors or assigns, except <br />that if such corporation shall be dissolved or liquidated or shall no longer perform the functions <br />of a securities rating agency, then the term "Moody's" shall be deemed to refer to any other <br />nationally recognized securities rating agency selected by the City. <br />"Nominee" means (a) initially, Cede & Co. as nominee of DTC, and (b) any other <br />nominee of the Depository designated pursuant to Section 2.10(a) of the Indenture. <br />"Obligations" means City Bonds and Contract Payments. <br />55394.00055\32329348.3 554-2 V <br />
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