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Item 33 - Pension Debt Refinancing and Related Bond Financing
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03/16/2021 Regular
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Item 33 - Pension Debt Refinancing and Related Bond Financing
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
33
Date
3/16/2021
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TABLE OF CONTENTS <br />Page <br />i <br />4846-5351-8811v3/200434-0005 <br />ARTICLE I <br />DEFINITIONS; INTERPRETATION <br />Section 1.01 Certain Defined Terms .............................................................................................. 1 <br />Section 1.02 Other Definitional Provisions .................................................................................. 13 <br />ARTICLE II <br />THE BONDS <br />Section 2.01 Issuance of Bonds; Form; Dating ............................................................................ 13 <br />Section 2.02 Description of the Bonds ......................................................................................... 13 <br />Section 2.03 Interest on the Bonds ............................................................................................... 14 <br />Section 2.04 Medium of Payment ................................................................................................ 14 <br />Section 2.05 Form ......................................................................................................................... 15 <br />Section 2.06 Additional Bonds ..................................................................................................... 15 <br />ARTICLE III <br />EXECUTION, AUTHENTICATION AND EXCHANGE OF BONDS; <br />BOOK ENTRY BONDS <br />Section 3.01 Execution and Authentication; Registration ............................................................ 15 <br />Section 3.02 Transfer or Exchange of Bonds ............................................................................... 15 <br />Section 3.03 Book-Entry Bonds ................................................................................................... 16 <br />Section 3.04 Mutilated, Lost, Stolen or Destroyed Bonds ........................................................... 18 <br />Section 3.05 Destruction of Bonds ............................................................................................... 18 <br />Section 3.06 Temporary Bonds .................................................................................................... 18 <br />ARTICLE IV <br />REDEMPTION OF BONDS <br />Section 4.01 Notices to Trustee; Notices to Bondholders; Notices to DTC ................................. 19 <br />Section 4.02 Optional Redemption of Bonds ............................................................................... 19 <br />Section 4.03 Mandatory Sinking Fund Redemption of Bonds ..................................................... 20 <br />Section 4.04 [Make-Whole Redemption of Bonds ....................................................................... 20 <br />Section 4.05 Payment of Bonds Called for Redemption; Effect of Redemption Call .................. 22 <br />Section 4.06 Selection of Bonds for Redemption; Bonds Redeemed in Part ............................... 22 <br />ARTICLE V <br />APPLICATION OF PROCEEDS; <br />SOURCE OF PAYMENT OF BONDS <br />Section 5.01 Application of Proceeds and City Contribution ....................................................... 23 <br />Section 5.02 Sources of Payment of Bonds; Semi-Annual Payments by the City ....................... 23 <br />ARTICLE VI <br />CREATION OF CERTAIN FUNDS AND ACCOUNTS <br />Section 6.01 Creation of Costs of Issuance Fund ......................................................................... 24 <br />Section 6.02 Creation of Revenue Fund and Certain Accounts ................................................... 24 <br />Section 6.03 Creation of Redemption Fund ................................................................................. 25 <br />Section 6.04 Moneys Held in Redemption Fund .......................................................................... 25
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