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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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TABLE OF CONTENTS <br />Page <br />ARTICLE I <br />DEFINITIONS <br />SECTION 1.01. DEFINITIONS.................................................................................................... 2 <br />SECTION 1.02. RULES OF CONSTRUCTION........................................................................ 12 <br />ARTICLE II <br />REPRESENTATIONS AND WARRANTIES <br />SECTION 2.01. REPRESENTATIONS BY THE CITY............................................................ 13 <br />SECTION 2.02. REPRESENTATIONS AND WARRANTIES BY THE AUTHORITY......... 13 <br />ARTICLE III <br />ACQUISITION AND CONSTRUCTION OF PROJECT <br />SECTION 3.01. ACQUISITION AND CONSTRUCTION OF PROJECT; <br />COMPONENTS............................................................................................ 14 <br />SECTION 3.02. CHANGES TO THE PROJECT....................................................................... 15 <br />ARTICLE IV <br />INSTALLMENT PAYMENTS <br />SECTION 4.01. PURCHASE PRICE......................................................................................... 15 <br />SECTION 4.02. INSTALLMENT PAYMENTS; RESERVE FUND PAYMENTS .................. 16 <br />ARTICLE V <br />SYSTEM REVENUES <br />SECTION 5.01. COMMITMENT OF THE NET SYSTEM REVENUES ................................. 16 <br />SECTION 5.02. ALLOCATION OF SYSTEM REVENUES .................................................... 17 <br />SECTION 5.03. ADDITIONAL OBLIGATIONS...................................................................... 17 <br />SECTION 5.04. MAINTENANCE AND OPERATION OBLIGATIONS ................................ 18 <br />ARTICLE VI <br />COVENANTS OF THE CITY <br />SECTION 6.01. COMPLIANCE WITH INSTALLMENT PURCHASE AGREEMENT <br />AND ANCILLARY AGREEMENTS........................................................... 19 <br />SECTION 6.02. AGAINST ENCUMBRANCES....................................................................... 19 <br />SECTION 6.03. DEBT SERVICE RESERVE FUND................................................................ 19 <br />SECTION 6.04. AGAINST SALE OR OTHER DISPOSITION OF PROPERTY .................... 20 <br />SECTION 6.05. AGAINST COMPETITIVE FACILITIES....................................................... 20 <br />SECTION 6.06. PROMPT ACQUISITION AND CONSTRUCTION ...................................... 20 <br />55394.00068\42092413.3 <br />
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