11/9/2015 4:46:32 PM
9/30/2015 5:50:01 PM
Agenda Item Number
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Resolution #88-1 SWDD
Disposals System Revenue Bonds
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G . " Bond Registrar " shall mean the Bond Registrar to be <br /> determined by subsequent resolution of the Board . <br /> H . " Consulting Engineers " shall mean such qualified and <br /> recognized consulting engineers , having a nationwide and favorable <br /> reputation for skill and experience in the construction and <br /> operation of systems such as the System at the time retained by the <br /> District to perform the acts and carry out the duties as herein <br /> provided for the Consulting Engineers . <br /> I . " Cost of Operation and Maintenance " shall mean the <br /> current expenses , paid or accrued , of operation , maintenance and <br /> repair of the System , as calculated in accordance with sound <br /> accounting practices , but shall not include any reserves for <br /> renewals and replacements , extraordinary repairs or any allowance <br /> for renewals , replacements or depreciation . <br /> J . " County " shall mean Indian River County , Florida . <br /> K . " District " shall mean Indian River County , Florida <br /> Solid Waste Disposal District . <br /> L . " Federal Securities " shall mean direct obligations <br /> of , or obligations the principal of and interest on which are <br /> unconditionally guaranteed by , the United States of America , which <br /> are not redeemable prior to maturity at the option of the obligor . <br /> M . " Fiscal Year " shall mean the period beginning with <br /> and including October 1st of each year and ending with and <br /> including the next September 30th . <br /> N . " Gross Revenues " shall mean all special assessments , <br /> fees , charges and other income , including any income from the <br /> investment of funds , unless otherwise provided herein , derived by <br /> the District from the operation of the System . <br /> O . " Net Revenues " of the System shall mean Gross <br /> Revenues after deduction of the Cost of Operation and Maintenance , <br /> as defined herein . <br /> P . " Paying Agent " shall mean the Paying Agent to be <br /> • determined by subsequent resolution of the Board . <br /> Q . " Pledged Funds " shall mean the Net Revenues of the <br /> System together with any other revenues and funds pledged in <br /> connection with the Bonds . <br /> R . " Record Date " shall mean the 15th day of the month <br /> immediately preceding an interest or other applicable payment date <br /> for the Bonds . <br /> S . " Registered Owner " or any similar term shall mean <br /> 2 <br />
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