1981-040 CRA - Laserfiche WebLink

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. . . . . ~""".,"H",' (2) in each such Bond Year, the difference between (i) the Debt Service referred to in (1) above, and (ii) the Pledged Revenues referred to in (1) above; (3) that (i) such scheduled and estimated Pledged Revenues and any .other revenues, investment income or funds reasonably estimated by the Agency to be available for the payment of such Debt Service referred to in (1) above are in each such Bond Year in excess of such scheduled and estimated Pledged Revenues and other revenues, investment income or other funds available to pay budgeted or estimated Operating Costs in each such Bond Year will be sufficient to pay budgeted or estimated Operating C.osts for each such Bond Year, the payment .of which is not otherwise provided for; and (4) if applicable, a schedule .of Permitted Investments purchased .or to be purchased by or on behalf of the Agency for investment of moneys in the Debt Service Reserve Fund. City means the City of Santa Ana, California, or any body, auth.ority, agency, or other entity which shall hereafter succeed to the powers, duties and functions of the City. Commitment Contract and Reservation of Funds means an agreement designated "Commitment C.ontract and Reservatlon of Funds)" by and between the Agency and the developer of a Project, and approved and accepted by the Trustee and Lender pursuant to which funds are or wi 11 be reserved for Mortgage Loans for Residences to be constructed within such Project. Commitment Fees means (other than application fees) fees received by or on behalf .of the Agency from the developer of a Project in c.onnection with a reservation of funds pursuant to a Commitment Contract. Condominium Project means the entire parcel .of real property divided, or t.o be divided, pursuant to Section 1350, et seq., of the Civil Code of the State, into cond.ominium Residences (as a condominium is defined in Section 7B3 of the Civil Code of the State), including all structures thereon. Costs of Issuance means items of expense payable or reimbursable directly or indirectly by the Agency and related to the authorization, sale ànd issuance of Bonds, which items of expense shall include, but not be limited to, printing costs, costs of reproducing and binding documents, filing and recording fees, initial fees and charges of the Trustee and Paying Agency, Bond discounts, legal fees and charges,' professi ona 1 consul tants I fees, costs of credit ratings, fees and charges for execution, transportation and safekeeping of Bonds, and travel expenses of the members, employees and agents of the Agency, costs of insurance, including the initial annual premium for Special Hazard Insurance, the set up and initial Mortgage Loan costs and expenses of the Agency, and other costs, charges and fees in connection with the foregoing. 4