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this Section} exceeds the sum of the costs of the <br />project paid to such date plus the moneys available <br />under the Project Certificate, plus any other moneys <br />which the chief financial officer of the City has <br />determined are available to pay such costs, and <br />viii} in the opinion of the chief financial <br />officer of the City, the issuance of the Additional <br />Bonds is necessary to provide funds for the completion <br />of the project. <br />6.5. R _ in Bonds. Additional Bonds may be <br />e un <br />issued for the purpose of refunding previously issued Bonds <br />without meeting the requirements of Section b.3 hereof, if the <br />aggregate debt service payable on such Additional Bonds does not <br />exceed the aggregate debt service payable on the Bonds which are <br />being refunded. However, if the Additional Bonds are issued to <br />refund Short Term/Demand Obligations, the City must satisfy the <br />requirements of paragraph 6.3 of this Section. <br />6.6, Variable or Adjustable Rate Additional <br />Bonds. So long as the Series 1488 Bonds are Outstanding, if any <br />Additional Bonds bear interest at a variable or adjustable <br />interest rate, and have a "put" or tender option, the amounts due <br />on exercise of the put or tender option may be payable solely <br />from the liquidity facility for such Bonds, and not from the Net <br />Revenues. Any failure of the liquidity facility to pay the <br />amounts due on exercise of the put or tender option shall not <br />constitute an Event of Default. The requirements of this Section <br />may be waived by BIG, without consent of the Trustee or <br />Bondowners. <br />Page 44 - Ordinance <br />