Laserfiche WebLink
0. "Pledged Funds" shall mean (1) the Revenues, (2) the User <br />Letters of Credit, (3) the funds and accounts and the earnings thereon pledged <br />in connection with the Bonds by this Resolution, and (4) such other funds and <br />accounts of the County and earnings thereon as the Board, by subsequent <br />resolution, may pledge specifically in connection with the Bonds. <br />P. "Qualified Independent Consultant" shall mean one or more <br />qualified and recognized independent consultants, having favorable repute, skill <br />and experience, with respect to the acts and duties required of a qualified <br />independent consultant to be provided to the County, as shall from time to time <br />be retained by the County to perform the acts and carry out the duties herein <br />provided for such consultant. <br />Q. "Record Date" shall mean the fifteenth (15th) day of the month <br />immediately preceding an interest payment date for the Bonds. <br />R. "Registered Owner", "Bondholder" or any similar term shall mean <br />any person who shall be the owner of any outstanding Bond or Bonds as shown on <br />the registration books of the County maintained by the Bond Registrar. <br />S. "Revenues" shall mean (1) the Assessments, (2) the interest, <br />prepayment charges and penalties received by the County in connection with the <br />Assessments, (3) the proceeds of User Letters of Credit, as and when received <br />by the County, and (4) any other non -ad valorem receipts and revenues of the <br />County as the Board, by subsequent resolution, may pledge specifically in <br />connection with the Bonds. <br />T. "Term Bonds" shall mean the Bonds, if any, that are stated to <br />mature on one date but which shall be subject to earlier retirement by operation <br />of the Bond Amortization Account. <br />U. "User Letters of Credit" shall mean such letters of credit, <br />surety bonds or similar collateral provided by owners of property subjected to <br />Assessments to secure the payment thereof when due. <br />Words importing the singular number shall include the plural number <br />and vice versa, and words importing persons shall include firms and corporations <br />or other entities. <br />SECTION 3. FINDINGS AND DETERMINATIONS. It is hereby found and <br />determined as follows: <br />A. It has heretofore been determined by the County and the City to <br />be in the best interests of the County and the City, respectively, to levy the <br />Assessments. <br />- 3 - <br />