THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

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Original Purchaser means the original purchaser appointed by the Director ofFinance in the Certificate ofAward Outstanding Notes means the City sVarious Purpose Improvement Notes Series <strong>2010</strong> which were issued onApril 14 <strong>2010</strong> and mature onApril 13 2011 Participant means any participant contracting with a Depository under a book entry system and includes securities brokers and dealers banks and trust companies and clearing corporations Preliminary Official Statement means the preliminary official statement of the City relating to the issuance of the Bonds substantially in the form now on file with the Clerk ofthis Council Principal Payment Dates means December 1 in each ofthe years from and including 2011 to and including 2028 provided however that the first Principal Payment Date may be deferred one year and the last Principal Payment Date may be advanced up to five years ifsuch actions are determined by the Director of Finance in the Certificate ofAward to be in the best interest ofand financially advantageous to the City and further provided that in no case shall the last Principal Payment Date exceedthemaximum maturity ofthe Bonds Rulemeans Rule 15c2 12prescribed by the SECpursuant to the Securities Exchange Act of 1934 SECmeans the Securities and Exchange Commission Serial Bonds means those Bonds designated as such and maturing on the Principal Payment Dates setforth in the Certificate ofAward Specified Events means the occurrence ofany ofthe following eventswithin themeaning ofthe Rule principal and interest payment delinquenciesnon paymentrelated defaults ifmaterial unscheduled draws on debt service reserves reflecting financial difficulties unscheduled draws on credit enhancements reflecting financial difficulties substitution ofcredit or liquidity providers or their failure to perform adverse tax opinions the issuance by the Internal Revenue Service of proposed or final determinations oftaxability notices ofproposed issues other material notices or determinations with respect tothe tax status ofthe Bonds or other material events affecting thetax exempt status ofthe Bonds modifications to rights of owners or beneficial owners ofthe Bonds if material Bond calls if material and tender offers defeasances release substitution or sale of property securing repayment ofthe Bonds if material and rating changes bankruptcy insolvency receivership or similar event ofthe City merger consolidation or acquisition ofthe City or the sale ofali or substantially all ofthe assets ofthe City other thanin the ordinary course ofbusiness entry into a definitive agreement to undertake such action or the termination of a definitive agreement relating to any such actions other than pursuant to its terms if material and appointment of a successor Bond Registrar or achange ofname ofBond Registrarifmaterial The repayment ofthe ri 4
Bonds isnot secured by a lien on any property capable ofrelease or sale or for which other property maybe substituted TermBonds means those Bonds if any designated as such and maturing on the Principal Payment Dates setforth in the Certificate ofAward The capfions and headings in this Ordinance are solely for convenience ofreference and in no way define limit or describe the scope or intent of any Sections subsections paragraphs subparagraphs or clauses hereof Reference to a Section means asection of this Ordinance unless otherwise indicated Secfion 2 Authorized Principal Amount and Purpose Application ofProceeds It is necessary and determined to be irithe City sbestinterest to issue bondsofthis City in an aggregate principal amount notto exceed771 000 the Bonds to retire the Outstanding Note and topay costs of the issuance ofthe Bonds The aggregate principal amount ofBonds to be issued not to exceed771 000 shall be determined by the Director ofFinance in the Certificate ofAward to be the aggregate principal amount of Bonds that is required to be issued at this time for the purpose stated in this Section 2 A portion ofthe proceeds ofthe Bonds sufficient together withother money available to the City to retire the Outstanding Note shall be deposited into the Escrow Fund in accordance with the Escrow Agreement A portion ofthe proceeds ofthe Bonds sufficient together with other moneys available to the City shall be deposited into an appropriate fund ofthe City and usedto pay costs of issuance of the Bonds Any proceeds of the Bonds not spent 120 days after the issuance ofthe Bonds shall be transferred to theBond Retirement Fund and used topayprincipal ofor interest on the Bonds whendue Allinterest earned on amounts on deposit in each ofthose funds derived from the proceeds ofthe Bonds including interest earned on such interest shall be credited to the fund and usedfor the purposes set forth above and shall not be transferred to the General Fund All of the proceeds ofthe Bonds and interest earned on those proceeds and the interest on such interest are hereby appropriatedfor the purposes setforth above Section 3 Denominations Dating Principal and Interest Payment and Redemption Provisions The Bonds shall be issued in one lot and only as fully registered bonds in the Authorized Denominations but in no case as to a particular maturity date exceeding the principal amount maturing on that date TheBonds shall be datedthe Closing Date a InterestRates andPayment Dates The Bonds shall bear interest at the rate or rates ofinterest per year computed on a360 day per year basis consisting oftwelve30 daymonths as shall be determined by the Director ofFinance in the Certificate ofAward subject to sectionc of this Section Interest on the Bonds shall be payable at such rate or rates on the Interest Payment Dates untilthe principal amount has been paid orprovided for The Bonds shall bear interest from the most recent date to which interest has been paid orprovided for or ifno interest has been paid or providedfor from their date b Principal Payment Schedule The Bonds shall mature or be payable pursuant to Mandatory Sinking Fund Redemption on the Principal Payment Dates in principal amounts as shall r
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DOCKET OF AMEETING OF THE LAKEWOOD
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l0 ORDINANCE NO 53 10 An Ordinance
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Kaufmann Park known as Lakewood Lit
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128 0306 CORPORATION COryoration me
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No shall be person required to with
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as CONSTRUCTION INDEPENDENT cuM1 nn
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d 1 On the portion attributable to
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MUNICIPALITY OR IN ANY MUNICIPALITY
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2 A TAXPAYER WHO RECEIVES INCOME AS
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128 2203 13A8I13TY PORNON PAYMENT B
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f Help maintainastable basebypxovid
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H Theyshallbe dceigned to havetow f
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ee Registered PmfessiovW Surveyor m
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Page 29 and 30: Section 2 It is found and determine
Page 31 and 32: oao so nn 043r m Toy 3 O m ac o m m
Page 33 and 34: Ordinance No 53 1o PLACED ON 1ST RE
Page 35 and 36: e hUQUraI Design Anygrephiq other s
Page 37 and 38: egulations of the Gty shall beremov
Page 39 and 40: j Wall arPanel Sons Shall not Proje
Page 41 and 42: RESOLUTION NO 8450 10 gy PLACED ON
Page 43 and 44: N Q Q r O N LJ m X w r f0 a O N W O
Page 45 and 46: City ofLakewood Audit Committee Ann
Page 47 and 48: City ofLakewood Audit Committee Ann
Page 49 and 50: 6 Reduction of economicdevelopment
Page 51 and 52: Counrl ak Large NICKIE ANTONIO MONI
Page 53 and 54: Citizens Committee for Leashed Dogs
Page 55 and 56: I h orr October 18 2010 Dear Member
Page 57 and 58: ORDINANCE N0 BY AN ORDINANCE to tak
Page 59 and 60: nsoo a and of any of its committees
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Page 71 and 72: 7b y wo ro b ms rn o F a y y o F gy
Page 73 and 74: N 0 y ti o sb w to R O N w o M p y
Page 75 and 76: ORDINANCE NO By AN ORDINANCE to tak
Page 77: Unless otherwise indicated referenc
Page 81 and 82: any subsequent Mandatory Sinking Fu
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Page 87 and 88: or give reports covenants and certi
Page 89 and 90: waiver will notbe effecfive unless
Page 91 and 92: Section 16 Emereency This Ordinance
Page 93 and 94: Annual Information means annual fin
Page 95 and 96: Interest Payment Dates means June 1
Page 97 and 98: a Interest Rates and Payment Dates
Page 99 and 100: applicable to those Term Bonds the
Page 101 and 102: on behalf ofthe City The same perso
Page 103 and 104: Ordinance arenot materially adverse
Page 105 and 106: T b Applicationfor Rating or Bond I
Page 107 and 108: Annual hiformafion and notices ofth
Page 109 and 110: or o Q QD f I LAWRENCE E MROZ o FIR
Page 111 and 112: automatically by the most recent ed
Page 113 and 114: Ir October 18 2010 Lakewood City Co
Page 115 and 116: the reasons set forth and defined i
Page 117 and 118: RESOLUTION N0 BY A RESOLUTION to ta
Page 119: NOTICE TO LEGISLATIVE AUTHORITY TO
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THE LAKEWOOD CITY COUNCIL CHAMBERS OCTOBER 18 2010 ...

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