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RES 08-049
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RES 08-049
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7/11/2008 1:27:11 PM
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7/11/2008 1:26:02 PM
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City Government
type
RES
date
6/16/2008
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capes e~erc~s of ~ t~r~~ payer of ~e ~t~ to pay e a~tst~nd,~ pru~c~p a ~e <br />.e~e~e Bonds ar ~ Merest ~hera~~ ar to enfa~ce pay.e~t thereaf a~~~st a~ P~op~~ of the <br />pity. The ~eve~t~e Bads sh recite ~~ s~bsta~ce ~.~ e e~e~ue or~ds, c~ud~ ~e~est <br />th~rea~, ire p.yabie o~eiy from ~~ reve~~es af~.e ~ro~ect ~.d proceeds ped~ed to e p~~e~~ <br />thexea, The ~.eve,ue o~ds sham got ca~.t~tte ~ debt o ~.e qty ~ the mean of ~y <br />cast~tut~o ar stat~tor~ ~.ittia. <br />~. ~~ ~s the p~rpase of t~,s reo~ut~a~ to e~T~de~ce ~~ can~te~,t of ~e par~~es a~,d <br />heir ix~te~as with respect ~~ the proposed ~'ra~ect arde~ ~t the ampa~,~ proceed <br />.that dei~ ~ come~ceme~t a` the ac~~s~t~a~ of the ~ro~ec~ ~~. the as~r~ce that <br />~~~~ has hee~, sufficie.t ~~o~cia~ action" v~th.i~ the .ems of ~ ter~a~ e~er~ue bode of <br />~ 5, as me~de~., to aiio~v for the iss~ce of i~d~st~-i reve~,~e bads ~i~ciudi~~ if deemed <br />~.pprapri~.~e, .~ uteri gate or ~.ates to provide ~e,porary fia~c~~ thereof to ~ax~ce <br />er~te cost of e p~o~ect poi ~~reeet bei~~ reached ~ to the ~.~,te dets of ~ ~ra'ec <br />d its fi~a~c~. <br />7. ~ arxticipatro~ of the final appra~a ~~ the ~ of e issuance of the epee <br />Bonds to fi~aa.~ce a~~ ar ~ podia a f the bra ect, and arde~ that ca.pie~.an of ~e X03 ect ~~ <br />not be u~,du de~a~ed ~her~ ~ppraved, the orp~y ~~ hereby a~~ho~ed to me such <br />e~pe~ditt~res aid ~d~a~ces taard pa.y.e~t of that partiou. of the costs of the project to be <br />~r~ar~ced dram e proceeds ~ ~ .evar~ue ~a~,ds ~ a~np~y co~s~ders ~ecesy, inci~d~,~ <br />~ use of ,terms., shod-term finar~c; subject to rei,hursomet franc the proceeds of the <br />eve~.ue hands if and hey deii~ered but v~ithon I~~biiity an the part of~he ~. <br />P.~~ ~ ~D~~T~~ TAE ~T~ ~~~ ~~' TAE ~T~ ~" ~~ ~~, <br />N~~TA, T~~ ~~' ~. OF ~L~, ?aa~. <br />A~ ~• <br />* ' <br />Stephanie A. ~.i~1.~. Saar <br />C~ <br />Tina ~.~iard, pity ~ierk <br /> <br />
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