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Ordinance No. 19551
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Ordinance No. 19551
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Last modified
6/10/2010 3:45:24 PM
Creation date
2/27/2009 1:32:51 PM
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Council Ordinances
CMO_Document_Number
19551
Document_Title
Authorizing the issuance of revenue bonds to pay costs of airport imp., prescribing terms of bonds & terms under which bonds payable from airport revenues may be issued in future; pledging & limiting use of revenues; & declaring emergency.
Adopted_Date
4/27/1988
Approved Date
4/27/1988
CMO_Effective_Date
4/27/1988
Signer
Brian B. Obie
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1.2.5. "Airport Costs" means any and all ca it~al <br />costs relatin to the Air ort in p <br />~ p cluding casts of land <br />acquisition ~includ~ng acquisa.tion for environmental reasons , <br />construction enlar ~ <br />Bement, improvement, and major maintenance. <br />"Airport Costs"~alsa includes: casts of refundin Bonds <br />other abli ati g and <br />g vns.payable from Revenues; costs of engineering, <br />consulting, planning and other studies related to the Air ort or <br />to Bonds; and, costs relatin to B P <br />g onds, including but not limited <br />to costs of Band reserves, costs of credit enhancements and <br />Reserve Equivalents for Bonds, capitalized interest for Bands <br />principal and interest payments on Bonds which are red <br />eemed from <br />surplus money in the Airport Construction Fund, and costs of <br />issuing and redeeming Bands. <br />1.2.G. "Airport Construction Fund" means the s ecial <br />fund created in Section 4.1 hereof ~~ p <br />which is designated The City <br />of Eugene Airport Construction Fund" and is held b the Cit . <br />Y y <br />1.2.7. "Airport Fund" means the special fund of the <br />City created in Section 4,2 hereof, which is desi noted "The ' <br />of Eu ene Air ort Revers g City <br />g p ue Fund and is held by the City, <br />1,2,8, "BIG" means Bond Investors Guarant Insurance <br />Company and its successors, y <br />1.2.9. "Band" or "Bonds" means the Series 1988 Bonds <br />and any Additional Bonds. "Bonds" does not include: an S eci 1 <br />Purpose Obligations; or an Subard' y p a <br />- y mate Obligations, <br />. 1.2,1, "Bond Fund" means the special trust fund of <br />the,City created pursuant to Section 4,3 hereof, which is <br />designated "The Clty of Eugene Airport Revenue Bond Fund" and ' <br />held by the Trustee. is <br />1.2,11, "Bondowner" or "owner of Bonds" means the <br />bearer of any bearer Band, or the person who is listed as own r. <br />e <br />in the Bond register on the date ownership of an Bond is <br />Y <br />determined. <br />1.2.12, "Business Day" means any day other than a <br />Saturday, Sunday, legal holiday for City emplo ees, or other da <br />on which the Trustee w y y <br />void, in the ordinary course of business, <br />not be open to transact business. <br />1.2,13, "Capitalized Interest Certificate" means a <br />certificate signed by a City Official and filed with the closin <br />documents fora series of Bonds statin g <br />- g <br />~a~ the amounts and dates on which moneys in the <br />Airport Construction Fund are to be transferred to the Bond <br />Fund for the payment of interest on Bonds; and <br />Page 3 - Ordinance <br />
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