1989-133 - Laserfiche WebLink

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including portions of the City of Sebastian, the costs of which, in part, are to be paid from fiends in the Impact Fee Trust Fund." D. The definition of the phrase "Pledged Funds" contained in subsection 0 is hereby amended to read as follows: 11 'Fledged Funds' shall mean (1) the Revenues, (2) the Supplemental Revenues, but only to the extent provided herein, (3) the funds and accounts and the earnings thereon pledged in connection with the Bonds by this Resolution, and (4) such other funds and accounts of the County and earnings thereon as the Board, by subsequent resolution, may pledge specifically in connection with the Bonds." E. The definition of the term "Revenues" contained in subsection S is hereby amended to read as follows: 11 'Reve.,ues' shall mean (1) the Assessments, (2) the Interest, prepayment charges and penalties received by the County in connection with the Assessments, and (3) any other non -ad valorem receipts and revenues of the County as the Board, by subsequent resolution, may pledge specifically in connection with the Bonds." F. Subsection U, the definition of the phrase "User Letters of Credit", shall be deleted. G. The following new subsections shall be added to Section 2 of the Bond Resolution: "U. 'Late Payments' shall mean payments of installments of Assessments and interest on Assessments received by the County after the fifteenth (15th) day of August following the date upon which such installments were due and payable, and the penalties collected in connection therewith. "V, 'Prepayments' shall mean payments of the outstanding balance of Assessments made, either at the option of the obligor or pursuant to a declaration of acceleration of the amount clue by the County or the City, as appropriate, prior to the date upon which such Assessments would have been payable, and the interest and prepayment charges imposed and received by the County in connection therewith. 3 -