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Code means the Internal Revenue Code of 1986 as in effect on the date of <br />issuance of the Bonds or (except as otherwise referenced herein) as it may be <br />amended to apply to obligations issued on the date of issuance of the Bonds, together <br />with applicable proposed, temporary and final regulations promulgated, and applicable <br />official public guidance published, under the Code. <br />Commission means the United States Securities and Exchange Commission. <br />Continuing Disclosure Certificate means the written undertaking for the benefit <br />of the owners and Beneficial Owners of the Bonds as required by Section (b)(5) of the <br />Rule. <br />Council or City Council means the Tukwila City Council, as the general legislative <br />body of the City as the same is duly and regularly constituted from time to time. <br />Debt Service Fund means the fund or account created pursuant to this ordinance <br />for the purpose of paying debt service on the Bonds. <br />Designated Representative means the Finance Director, or his or her designee. <br />DTC means The Depository Trust Company, New York, New York, a limited <br />purpose trust company organized under the laws of the State of New York, as <br />depository for the Bonds pursuant to Section 4 of this ordinance. <br />Fair Market Value means the price at which a willing buyer would purchase an <br />investment from a willing seller in a bona fide, arm's-length transaction, except for <br />specified investments as described in Treasury Regulation §1.148-5(d)(6), including <br />United States Treasury obligations, certificates of deposit, guaranteed investment <br />contracts, and investments for yield restricted defeasance escrows. Fair Market Value <br />is generally determined on the date on which a contract to purchase or sell an <br />investment becomes binding, and, to the extent required by the applicable regulations <br />under the Code, the term "investment" will include a hedge. <br />Federal Tax Certificate means the certificate executed by the Designated <br />Representative setting forth the requirements of the Code for maintaining the tax <br />exemption of interest on the Bonds, and attachments thereto. <br />Finance Director means the duly appointed and acting Finance Director of the City <br />or the successor to such officer. <br />Government Obligations means direct or indirect obligations of, or obligations the <br />principal of and interest on which are unconditionally guaranteed by, the United States <br />of America. <br />Letter of Representations means the Blanket Issuer Letter of Representations <br />given by the City to DTC, as amended from time to time. <br />W: Word Processing\Ordinances\LTGO Bonds-Street improvements 5-31-17 <br />PM:bjs Page 3 of 16 <br />13 <br />