Agenda - Council - 08/13/2013 - Laserfiche WebLink

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(b) Bonds for the payment or redemption of which cash funds or noncallable Governmental Obligations shall have been theretofore deposited with the Trustee in accordance with Article VIII of the Indenture; and (c) Bonds in lieu of which others have been authenticated under Sections 2.07, 2.08 or 3.05 of the Indenture. "Payment Date" means 1 of each year, commencing 1, 2014. "Permitted Investments" means the Permitted Investments defined in the Indenture. "Pledge Agreement" means the Pledge and Covenant Agreement of even date herewith, by and between the School and the Trustee. "Prior Bond" means the Issuer's $11,125,000 Lease Revenue Bonds/PACT Charter School Project) Series 2004A, outstanding in the principal amount of $ "Project" means the advance refunding of the Prior Bonds, the proceeds of which were used to finance the acquisition, construction, and equipping of an approximately 72 ,0 00 square foot public elementary and secondary schoolhouse located at 7250 Ramsey Parkway East Northwest in the City. "Project Building" means collectively (i) the improvements, machinery, equipment and other tangible property on the Project Site which are described generally in EXHIBIT B hereto and which will be acquired, constructed, installed and equipped with proceeds of the Bonds, and (ii) any item of machinery, equipment or other tangible property acquired in substitution for, or as a renewal or replacement of, or a modification or improvement to, any property described in (i) above, pursuant to the provisions of Section 4.4 hereof. "Project Costs" means any and all sums of money required to renovate, construct, expand and instal] the Project, excluding Costs of Issuance, but including the following: (d) all expenses incurred in connection with the acquisition of real property, or any interest in real property, necessary for the Project or mortgaging of the Project Site, including title insurance; (e) the expense of preparation of the plans and specifications and of all other architectural, engineering, testing and supervisory services incurred and to be incurred in the planning, construction and completion of the Project; (f) the cost of acquisition and installation of all items of equipment, machinery or furnishings included in the Project; (g) premiums on all insurance relating to construction during the period before completion of the Project, to the extent that such premiums are not paid by a contractor; 6 56RQ861v1