Laserfiche WebLink
r APR 16 1936 1 <br />BOOK. 194 <br />N. 'Issuer' shall mean Indian River County, Florida. <br />O. 'Net Revenues' -shall mean the Gross Revenues, after <br />deduction of the Cost of Operation and Maintenance. <br />P. 'Outstanding Obligations' shall mean the Capital <br />Improvement Revenue Bonds, Series 1980, dated April 1, 1980, and <br />Capital Improvement Revenue Bonds, Series 1981, dated October 1, <br />1981, of the Issuer. <br />Q. 'Pledged Funds' shall mean, collectively, the Net <br />Revenues and the Racetrack and Jai Alai Fronton Funds. <br />R: 'Project' shall mean the existing properties and <br />assets, real and personal, tangible and intangible, owned and/or <br />operated by the Issuer, used or useful for a public golf course <br />and related clubhouse facilities, and all properties and assets <br />hereafter constructed or acquired as additions, improvements and <br />extensions thereof. <br />S. 'Qualified Independent Consultant' shall mean such <br />qualified and recognized independent consultant, which, if <br />appropriate, may be the certified public accountants retained, <br />from time to time, to prepare the annual audit of the Issuer; <br />having.favorable repute or skill and experience with respect to <br />the acts and duties'to be provided to the Issuer, as shall from <br />time to time be retained by the Issuer to perform the acts and <br />carry out the duties herein provided for such consultants. <br />-_ T. 'Racetrack Funds and Jai Alai Fronton Funds' shall <br />mean that portion of the racetrack funds and jai alai fronton <br />funds accruing annually to the Issuer under the provisions of <br />Chapters 550 and 551, Florida Statutes, and allocated to the <br />Board pursuant to law. <br />U. 'Record Date' shall mean the 15th day of the month <br />immediately preceding an interest payment date for the Bonds. <br />V. 'Registered Owner' shall mean any person who shall <br />be the owner of any outstanding Bond or Bonds as shown on the <br />books of the Issuer maintained by the Bond Registrar. <br />W. 'Reserve Account Requirement' shall mean the amount <br />-6- <br />