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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 DEFINITIONS AND AMENDMENTS.......................................................... 2 <br />Section1.01. Definitions.................................................................................................... 2 <br />Section 1.02. Definitions in Agreement and Indenture...................................................... 3 <br />ARTICLE II REPRESENTATIONS AND WARRANTIES ................................................ 3 <br />Section 2.01. The City hereby makes the following representations: ................................ 3 <br />Section 2.02. The Authority hereby makes the following representations and <br />warranties:............................................................................................ 4 <br />ARTICLE III PURCHASE OF PROJECT BY, AND SALE THEREOF TO, THE <br />AUTHORITY; PAYMENT............................................................................. 4 <br />Section 3.01. Purchase and Sale of Project........................................................................ 4 <br />Section3.02. Payment........................................................................................................ 4 <br />ARTICLE IV PURCHASE OF PROJECT BY, AND SALE THEREOF TO, THE <br />CITY; PAYMENT........................................................................................... 5 <br />Section 4.01. Purchase and Sale of Project........................................................................ 5 <br />Section 4.02. The City agrees to pay as Component Installment Payments, solely <br />from Net System Revenues as provided in the Agreement, the <br />following: ............................................................................................. 5 <br />Section 4.03. The Component Installment Payments specified herein are Parity <br />Installment Obligations........................................................................ 5 <br />ARTICLE V PREPAYMENT AND REDEMPTION.......................................................... 6 <br />Section 5.01. Prepayment and Redemption....................................................................... 6 <br />ARTICLE VI ADDITIONAL COVENANTS....................................................................... 6 <br />Section 6.01. Additional Covenants................................................................................... 6 <br />ARTICLE VII MISCELLANEOUS........................................................................................ 7 <br />Section 7.01. Liability of City Limited.............................................................................. 7 <br />Section 7.02. Limitation of Rights..................................................................................... 7 <br />Section7.03. Assignment.................................................................................................. 7 <br />Section7.04. Notices......................................................................................................... 7 <br />Section 7.05. Waiver of Personal Liability........................................................................ 8 <br />Section 7.06. Article and Section Headings, Gender and References ............................... 8 <br />Section 7.07. Partial Invalidity........................................................................................... 9 <br />Section7.08. Law Governing............................................................................................ 9 <br />Section 7.09. Execution in Counterparts............................................................................ 9 <br />EXHIBIT A — THE PROJECT.................................................................................................. A-1 <br />55394.00068\42086635.3 <br />
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