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Item PFA-3 - Water Revenue Bonds
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Item PFA-3 - Water Revenue Bonds
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Last modified
5/30/2024 4:32:57 PM
Creation date
5/29/2024 6:14:44 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Finance & Management Services
Item #
PFA-3
Date
6/4/2024
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"Certificate of Completion" means a Certificate of the City filed with the Trustee, stating <br />that the Components of the Project being financed with the proceeds of Bonds have been acquired, <br />constructed, installed and improved and that all Acquisition Costs have been paid or provided for. <br />"Certificate of the Authority" means an instrument in writing signed by the Chair, the <br />Vice Chair, the Secretary or any Assistant Secretary of the Authority, or by any other officer of <br />the Authority duly authorized by the Authority for that purpose. <br />"Certificate of the City" means an instrument in writing signed by the Mayor, City <br />Manager, Assistant City Manager, or Treasurer of the City, or by any other official of the City <br />duly authorized by the City for that purpose. <br />"Charter" means the Charter of the City as it now exists or may hereafter be amended, <br />and any new or successor Charter. <br />"City" means the City of Santa Ana, a charter city and municipal corporation organized <br />and existing under the Constitution, the laws of the State and its Charter. <br />"Closing Date" means , 2024. <br />"Code" means the Internal Revenue Code of 1986, as amended, and the regulations <br />thereunder, and any successor laws or regulations. <br />"Continuing Disclosure Certificate" means the Continuing Disclosure Certificate, dated <br />as of the date hereof, executed by the Authority, as originally executed and as it may from time to <br />time be amended in accordance with the provisions thereof. <br />"Corporate Trust Office of the Trustee" means the principal corporate trust office of the <br />Trustee in Los Angeles, California or such other or additional offices as may be specified to the <br />Authority by the Trustee in writing. <br />"Costs of Issuance" means all items of expense directly or indirectly payable by or <br />reimbursable to the City or the Authority relating to the issuance, sale and delivery of the Bonds <br />and the execution and delivery of this Indenture, the Installment Purchase Agreement and the <br />Supplement, filing and recording costs, settlement costs, printing costs, reproduction and binding <br />costs, initial fees and charges of the Trustee (including legal fees), legal fees and charges, insurance <br />fees and charges, financial and other professional consultant fees, fees and charges of rating <br />agencies and/or for credit ratings and fees in connection with the foregoing. <br />"Costs of Issuance Fund" shall have the meaning given to such term in Section 5.01. <br />"Defeasance Securities" means, to the extent permitted by State law, the following <br />obligations which may be used as permitted investments to defease Outstanding Bonds: <br />(1) Cash deposits (insured at all times by the Federal Deposit Insurance <br />Corporation). <br />4 <br />55394.00068\42092121.3 <br />
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