Laserfiche WebLink
<br />I' <br /> <br />. <br /> <br />. <br /> <br />, ~ . <br /> <br />. <br /> <br />(g) "Independent Financial Consultant," "Independent <br />Engineer, ""Independent Certified Public Accountant" or <br />"Independent Redevelopment Consultant" means any individual <br />or firm engaged in the profession involved, appointed by <br />the Agency, and who, or each of whom, has a favorable <br />reputation in the field in which his/her opinion or <br />certificate will be given, and: <br /> <br />(1) is in fact independent and not under <br />domination of the Agency; and <br /> <br />(2) does not have any substantial interest, <br />direct or indirect, with the Agency; arid <br /> <br />(3) is not connected with the Agency as an <br />officer or employee of the Agency, but who may be <br />regularly retained to make reports to the Agency. <br /> <br />(h) "Law" means the Community Redevelopment Law of <br />the State of California as cited in the recitals hereof. <br /> <br />(i) "Maximum Annual Debt Service" means the largest <br />of the sums obtained for any Bond Year after the <br />computation is made, by totaling the following for each <br />such Bond Year: <br /> <br />(1) The principal amount of all serial Bonds and <br />serial Parity Bonds, if any, payable in such Bond <br />Year; and <br /> <br />(2) The amount of Minimum Sinking Account <br />Payments for term Bonds and term Parity Bonds, if any, <br />to be made in such Bond Year in accordance with the <br />applicable schedule or schedules of Minimum Sinking <br />Account Payments; and <br /> <br />(3) The interest which would be due during such <br />Bond Year on the aggregate principal amount of Bonds <br />and Parity Bonds which would be outstanding in such <br />Bond Year if the Bonds and Parity Bonds outstanding on <br />the date of such computation were to mature or be <br />redeemed in accordance with the maturity schedules for <br />the serial Bonds and serial Parity Bonds and the <br />schedules of Minimum Sinking Account Payments for term <br />Bonds and term Parity Bonds. At the time and for the <br />purpose of making such computation, the amount of term <br />Bonds and term Parity Bonds already retired in advance <br />of the above-mentioned schedules shall be deducted pro <br />rata from the remaining amounts thereon. <br /> <br />(j) "Minimum Sinking Account Payments" means the <br />amount of money to be deposited into the Principal Account, <br /> <br />05-01-83 <br />4439P/2306/00 <br /> <br />. <br /> <br />2A <br /> <br />-3- <br /> <br />¡:} ~ pI <br />