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Mayor or City Mayor means the elected Mayor of the City or the successor to the <br />duties of that office. <br />MSRB means the Municipal Securities Rulemaking Board or any successors to its <br />functions. <br />Official Statement means the disclosure documents prepared and delivered in <br />connection with the issuance of the Bonds. <br />Project means the capital projects described in Section 2 of this ordinance. <br />Project Fund means the account created pursuant to Section 8 of this ordinance. <br />Record Date means the close of business for the Bond Registrar that is 15 days <br />preceding any interest and/or principal payment or redemption date. <br />Registered Owner means the person named as the registered owner of a Bond in <br />the Bond Register. For so long as the Bonds are held in book-entry only form, DTC or <br />its nominee shall be deemed to be the sole Registered Owner. <br />Rule means the Commission's Rule 15c2-12 under the Securities Exchange Act of <br />1934, as the same may be amended from time to time. <br />Sale Document means the Bond Purchase Contract or Certificate of Award, if any, <br />executed by the Designated Representative in connection with the sale of the Bonds <br />pursuant to Section 12 of this ordinance, which shall provide for the name, principal and <br />interest payment dates and amounts, redemption /prepayment rights, and other terms to <br />describe such Bonds as determined to be necessary by the Designated Representative. <br />State means the State of Washington. <br />Underwriter means any underwriter, in the case of a negotiated sale, or initial <br />purchaser, in the case of a competitive sale, the Bonds selected pursuant to Section <br />12. <br />Section 2. Authorization of the Project. The Bonds are being issued to finance <br />and/or reimburse the City for costs of making certain street improvements in the City <br />(the "Project") and paying costs of issuance for the Bonds. The cost of all necessary <br />and other costs incurred in connection with the Project shall be paid from other City <br />funds legally available for such purposes. <br />Section 3. Authorization of Bonds and Bond Details. <br />(a) For the purpose of paying and/or reimbursing the City for costs of the Project <br />and paying costs of issuance, the City shall issue and sell limited tax general obligation <br />bonds in an aggregate principal amount not to exceed $8,800,000 (the "Bonds"). <br />W: Word Processing\Ordinances\LTGO Bonds-Street improvements 5-31-17 <br />PM:bjs Page 4 of 16 <br />14 <br />