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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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Authority Water Revenue Bonds, Series 2014 (Payable Solely from Installment Payments Secured <br />by Water System Net Revenues). <br />"Event of Default" shall have the meaning set forth in Section 10.01 hereof. <br />"Financial Newspaper" means The Wall Street Journal or The Bond Buyer or any other <br />newspaper or journal printed in the English language publishing financial news and selected by <br />the Trustee, whose decision shall be final and conclusive. <br />"Fiscal Year" means the fiscal year of the Authority which, as of the date hereof, is the <br />period from July 1 to and including the following June 30. <br />"Indenture" means this Indenture, dated as of 2024, between the <br />Authority and the Trustee, as originally executed and as it may from time to time be amended or <br />supplemented by all Supplemental Indentures executed pursuant to the provisions hereof. <br />"Information Services" means "EMMA" or the "Electronic Municipal Market Access" <br />system of the Municipal Securities Rulemaking Board; or, in accordance with then -current <br />guidelines of the Securities and Exchange Commission, such other services providing information <br />with respect to called bonds as the Authority may designate in a Written Certificate of the Autority <br />delivered to the Trustee. <br />"Installment Payments" means the Installment Payments scheduled to be paid by the City <br />under and pursuant to the Installment Purchase Agreement and any supplement thereto. <br />"Installment Purchase Agreement" means the Master Installment Purchase Agreement, <br />dated as of , 2024, entered into between the Authority, as seller, and the City, as <br />purchaser, as originally executed and as it may from time to time be amended or supplemented <br />pursuant to the provisions hereof and thereof. <br />"Interest Account" means the account by that name established under Section 5.01(b) <br />hereof. <br />"Interest Payment Date" means each March 1 and September 1, commencing September <br />1, 2024. <br />"Letter of Representations" means the letter of the Trustee and Authority delivered to <br />and accepted by the Depository on or prior to the delivery of the 2024 Bonds or any Additional <br />Bonds as Book Entry Bonds setting forth the basis on which the Depository serves as depository <br />for such Book Entry Bonds, as originally executed or as it may be supplemented or revised or <br />replaced by a letter to a substitute Depository. <br />"Moody's" means Moody's Investors Service, Inc., a corporation organized and existing <br />under the laws of the state of Delaware, and its successors and assigns, and, if such entity shall for <br />any reason no longer perform the functions of a securities rating agency, "Moody's" shall be <br />deemed to refer to any other nationally recognized securities rating agency (other than S&P) <br />designated by the Authority. <br />6 <br />55394.00068\42092121.3 <br />
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