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1993-080
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1993-080
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Last modified
8/8/2019 12:41:48 PM
Creation date
8/8/2019 12:41:08 PM
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Resolutions
Resolution Number
1993-080
Approved Date
04/13/1993
Resolution Type
Bond retirement
Subject
retirement of certain outstanding Water & Sewer Revenue Bonds (authorizes $47,190,000 and $3,330,000
Document Relationships
1993-081
(Cover Page)
Path:
\Resolutions\1990'S\1993
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G. "Code" shall mean the Internal Revenue Code of 1986, as amended, and <br />any similar subsequent federal revenue laws. Any reference to a particular <br />section, subsection, etc., of the Code shall also refer to the similar section, <br />subsection, etc., of any similar subsequent federal revenue law. <br />H. "Consulting Engineers" shall mean such qualified and recognized <br />consulting engineers, having a nationwide and favorable reputation for skill and <br />experience in the construction and operation of systems such as the System, at <br />the time retained by the County to perform the acts and carry out the duties as <br />herein provided for the Consulting Engineers. <br />I. "Costs" shall mean all expenses necessary, appurtenant or incidental <br />to the acquisition or construction of any property, real, personal or mixed, <br />deemed necessary or desirable for carrying out the purposes of the System, <br />including, without intending to limit the generality of the foregoing, the cost <br />of any land or interest therein or of any fixtures, equipment or personal <br />property necessary or convenient therefor; costs of acquiring any water or sewer <br />system or other property in place, or any undivided interest therein, which can <br />be operated as part of the System or which may be declared by resolution of the <br />Board to be part of the System; engineering, legal and financing expenses; <br />expenses for estimates of costs and of revenues; expenses for surveys; the fees <br />of fiscal agents, financial advisors and consultants; administrative expenses <br />relating solely to such acquisition or construction; the capitalization of <br />interest for a reasonable period after the issuance of Bonds to finance any <br />portion of the Costs of such acquisition or construction; the creation and <br />establishment of reasonable reserves for debt service and operation and <br />maintenance; the discount on the sale of Bonds to finance any portion of the <br />Costs of such acquisition or construction; and such other costs and expenses as <br />may be necessary or incidental to such acquisition or construction. <br />"County" shall mean Indian River County, Florida. <br />K. "Federal Securities" shall mean direct obligations of, or obligations <br />the principal of and interest on which are unconditionally guaranteed by, the <br />United States of America, which are not redeemable prior to maturity at the <br />option of the obligor. <br />L. "Fees in lieu of Franchise Fees" shall mean the fees paid by the <br />Utility Services Department of the County to the County in consideration for the <br />use of public streets and rights-of-way in the County and to defray costs <br />incident to the regulation by the County of the services and facilities of the <br />Utility Services Department of the County. <br />H. "Fiscal Year" shall mean the period beginning with and including <br />October first of each year and ending with and including the next September 30. <br />N. "Franchise Fees" shall mean the fees paid by water and/or sewer <br />utilities, other than the Utility Services Department of the County, to the <br />County in consideration for the use of public streets and rights-of-way in the <br />County and to defray costs incident to the regulation by the County of the <br />services and facilities of such utilities. <br />O. "Impact Fees" shall mean the fees or charges imposed upon new <br />customers of the System to provide funds for the payment of all or a portion of <br />the costs and expenses of additions, extensions and improvements to the System <br />made necessary by the inclusion of such new customers. <br />
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