My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
1999-02-10
Centerville
>
City Council
>
Agenda Packets
>
1996-2022
>
1999
>
1999-02-10
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
12/21/2009 10:31:26 AM
Creation date
12/21/2009 10:30:17 AM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
170
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
owner or upon the owner's order shall be valid and effectual to satisfy and discharge <br /> the liability of the City upon such Note 1 to the extent of the sum or sums so paid. <br /> (f) Taxes, Fees and Charges. For every transfer or exchange of Note 1, <br /> the Registrar may impose a charge upon the owner thereof sufficient to reimburse <br /> the Registrar for any tax, fee, or other governmental charge required to be paid <br /> with respect to such transfer or exchange. <br /> (g) Mutilated, Lost, Stolen or Destroyed Note 1. In case Note 1 shall <br /> become mutilated or be lost, stolen, or destroyed, the Registrar shall deliver a new <br /> Note of like amount, maturity dates and tenor in exchange and substitution for and <br /> upon cancellation of such mutilated Note 1 or in lieu of and in substitution for such <br /> Note 1 lost, stolen, or destroyed, upon the payment of the reasonable expenses and <br /> charges of the Registrar in connection therewith; and, in the case Note 1 is lost, <br /> stolen, or destroyed, upon filing with the Registrar of evidence satisfactory to it <br /> that such Note 1 was lost, stolen, or destroyed, and of the ownership thereof, and <br /> upon furnishing to the Registrar of an appropriate bond or indemnity in form, <br /> substance, and amount satisfactory to it, in which both the City and the Registrar <br /> shall be named as obligees. Note 1 so surrendered to the Registrar shall be <br /> cancelled by it and evidence of such cancellation shall be given to the City. If the <br /> mutilated, lost, stolen, or destroyed Note 1 has already matured or been called for <br /> redemption in accordance with its terms, it shall not be necessary to issue a new <br /> Note prior to payment. <br /> 3.04. Preparation and Delivery. Note 1 shall be prepared under the direction <br /> of the County Auditor and shall be executed on behalf of the City by the signatures <br /> of its Mayor and Assistant City Clerk. In case any officer whose signature shall <br /> appear on Note 1 shall cease to be such officer before the delivery of Note 1, such <br /> signature shall nevertheless be valid and sufficient for all purposes, the same as if <br /> such officer had remained in office until delivery. When Note 1 has been so <br /> executed, it shall be delivered by the Assistant City Clerk to the Owner thereof <br /> upon closing on the acquisition and conveyance of the Property from the City to the <br /> Owner in accordance with the Agreement. <br /> Section 4. Security Provisions. <br /> 4.01. Pledge. The City hereby pledges to the payment of the principal of and <br /> interest on Note 1 all Available Tax Increment as defined in Note 1. <br /> Available Tax Increment shall be applied to payment of the principal of and interest <br /> on Note 1 in accordance with the terms of the form of Note 1 set forth in Section 2 of <br /> this resolution. <br /> 4.02. Bond Fund. Until the date Note 1 is no longer outstanding and no <br /> principal thereof or interest thereon (to the extent required to be paid pursuant to <br /> this resolution) remains unpaid, the City shall maintain a separate and special "Bond <br /> Fund" to be used for no purpose other than the payment of the principal of and <br /> interest on Note 1. The City irrevocably agrees to appropriate to the Bond Fund in <br /> each year Available Tax Increment necessary to pay principal and interest due on <br /> Note 1 in such year. Any amounts remaining in the Bond Fund upon the payment of <br /> all principal and interest to be paid with respect to this Note 1 shall be transferred <br /> to the Bond Fund established in connection with the City's $97,036.03 Tax Increment <br /> Revenue Note, Series 1995B, and if that Note is no longer outstanding, to the City's <br /> account for TIF District No. 1 -4. <br /> 3SB93339 Rev lead <br /> CE155-7 7 <br />
The URL can be used to link to this page
Your browser does not support the video tag.