Agenda - Council - 07/12/2022 - Laserfiche WebLink

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which Bonds will be assumed to be retired on their respective scheduled mandatory redemption dates. Prior Bonds means the Issuer's $10,765,000 Lease Reserve Refunding Bonds (PACT Charter School Project) Series 2013A currently outstanding in the principal amount of Prior Bonds Redemption Date means , 2022. Prior Note means that certain Promissory Note dated June 30, 2020 by the Company to Propel Nonprofits currently outstanding in the principal amount of$ Prior Obligations means, collectively, the Prior Bonds and the Prior Note. Prior Trustee means Wells Fargo Bank, National Association. Pro'ect means the 2022 Project and any other project funded with Additional Bonds. Project Building means, collectively, (a) the improvements, machinery, equipment, and other tangible property on the site of the School Facilities and the Improvements, machinery, equipment, and other tangible property that will be acquired, constructed, installed, and equipped on the site of the School Facilities with proceeds of the Bonds; and (b) 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 item (a), pursuant to the provisions of Section 4.4 of the Loan Agreement. Project Costs means all expenses which are properly chargeable to a Project(including the 2022 Project) under Generally Accepted Accounting Principles, or which are incidental to the acquisition, construction, and installation of a Project (including the 2022 Project), or which are otherwise financeable under the Act, including, without limiting the generality of the foregoing: (a) all expenses incurred in connection with the acquisition of the School Facilities and other real property, or any interest in real property, necessary for a Project or mortgaging of the site of the School Facilities, including title insurance; (b) 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 a Project; (c) the cost of acquisition and installation of all items of equipment,machinery, or furnishings included in a Project; (d) premiums on all insurance relating to construction during the period before completion of a Project, to the extent that such premiums are not paid by a contractor; (e) the contract price of all labor, services, materials, supplies, equipment, and remodeling furnished under a construction contract; 16 735810810