My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1986-19 CRA
Clerk
>
Resolutions
>
COMMUNITY REDEVELOPMENT AGENCY (1974-2012)
>
1973-1989
>
1986
>
1986-19 CRA
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/3/2012 12:21:37 PM
Creation date
3/3/2005 9:02:24 AM
Metadata
Fields
Template:
City Clerk
Doc Type
Resolution
Doc #
CRA 1986-19
Date
4/15/1986
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
9
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />.' <br /> <br />. <br />. <br /> <br />. <br /> <br />. <br /> <br />8 <br /> <br />" <br /> <br />Fiscal Agent shall promptly notify the Agency of such fact <br />by telephonic communication." <br /> <br />Section 12. The first sentence of subparagraph (a) of <br />Section 15 is amended to read as follows: <br /> <br />"(a) Interest Account. Deposits shall be made from <br />Eligible Moneys into the Interest Account so that the <br />balance therein on the Interest Payment Date shall equal <br />the interest payable on such Interest Payment Date,..," <br /> <br />Section 13. The first sentence of subparagraph (b) of <br />Section 15 is amended to read in part as follows: <br /> <br />",..next be made from Eligible Moneys into the Principal <br />Account so that the balance in the Principal Account on the <br />date of the payment of any installment of principal of the <br />Bonds, whether a scheduled Minimum Sinking Account Payment <br />or at maturity, is equal to the principal coming due on <br />such date." <br /> <br />Section 14. Subparagraph (c) of Section l5 in the third <br />line is amended to read in part as follows: <br /> <br />"".deposits shall be made from Eligible Moneys to the Debt <br />Service Reserve Account,..," <br /> <br />Section 15. Subparagraph (c) of Section 15 is hereby <br />amended by adding the following sentence to the end thereof: <br /> <br />"The Fiscal Agent shall not submit a request pursuant to <br />the Investment Agreement to withdraw funds from the Debt <br />Service Reserve Account in order to reimburse the Bank for <br />draws on the Letter of Credit unless and until a new letter <br />of credit is obtained which replaces the Letter of Credit; <br />such new letter of credit to be in an amount equal to the <br />sum of (i) the then stated amount of the Letter of Credit <br />being replaced, plus (ii) an amount equal to the funds to <br />be withdrawn from the Debt Service Reserve Account." <br /> <br />Section 16. The final sentence of the first paragraph of <br />Section 16 is amended to read in part as follows: <br /> <br />"The moneys held by the Fiscal Agent other than those <br />invested pursuant to the Investment Agreement may only be <br />invested in government obligations with maturities of <br />thirty days or less." <br /> <br />Section 17. The third paragraph, subparagraph (b), of <br />Section 17 in the ninth line is amended to read in part as <br />follows: <br /> <br />1376k/2281/01 <br /> <br />-6- <br />
The URL can be used to link to this page
Your browser does not support the video tag.