File #: 2003-0396    Version: 1
Type: Ordinance Status: Passed
File created: 9/2/2003 In control: Budget and Fiscal Management Committee
On agenda: Final action: 12/15/2003
Enactment date: 12/26/2003 Enactment #: 14813
Title: AN ORDINANCE providing for the issuance and sale of limited tax general obligation bonds of the county in the aggregate principal amount of not to exceed $115,000,000 for the purposes of refunding certain outstanding limited tax general obligation bonds issued by the county to finance construction of a major league baseball stadium and related parking facilities; providing for the form, terms, covenants and other provisions of said refunding bonds; authorizing a plan of refunding and the appointment of an escrow agent to accomplish such plan of refunding; providing for the sale of the bonds and the disposition of the proceeds of sale; establishing funds for the receipt and expenditure of bond proceeds and for the payment of the bonds; providing for the annual levy of taxes to pay the principal thereof and interest thereon; and pledging certain taxes and revenues as additional security for the bonds.
Sponsors: Larry Phillips
Indexes: Baseball, Bonds, Budget, Finance, levy
Attachments: 1. Ordinance 14813.pdf, 2. 2003-0396 Attachment 4 to Staff Report.pdf, 3. 2003-0396 Revised Staff Report 12-10-03, 4. 2003-0396 Staff Report 12-10-03, 5. 2003-0396 Transmittal Letter.doc
Drafter
Clerk 08/21/2003
title
AN ORDINANCE providing for the issuance and sale of limited tax general obligation bonds of the county in the aggregate principal amount of not to exceed $115,000,000 for the purposes of refunding certain outstanding limited tax general obligation bonds issued by the county to finance construction of a major league baseball stadium and related parking facilities; providing for the form, terms, covenants and other provisions of said refunding bonds; authorizing a plan of refunding and the appointment of an escrow agent to accomplish such plan of refunding; providing for the sale of the bonds and the disposition of the proceeds of sale; establishing funds for the receipt and expenditure of bond proceeds and for the payment of the bonds; providing for the annual levy of taxes to pay the principal thereof and interest thereon; and pledging certain taxes and revenues as additional security for the bonds.
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TABLE OF CONTENTS

Page

SECTION 1. Definitions|913|
SECTION 2. Findings|913|
SECTION 3. Authorization of Bonds|913|
SECTION 4. Registration, Exchange and Payments 9
SECTION 5. Redemption of Bonds; Open Market Purchases 13
SECTION 6. Notice and Effect of Redemption 14
SECTION 7. Form of Bonds; Execution of Bonds 15
SECTION 8. Mutilated, Lost, or Destroyed Bonds 16
SECTION 9. Bond Redemption Account 17
SECTION 10. Pledge of Special Revenues 18
SECTION 11. Pledge of General Taxation and Credit 20
SECTION 12. Disposition of Proceeds of Bonds 21
SECTION 13. Application of Refunding Bond Proceeds 22
SECTION 14. Covenants and Warranties 24
SECTION 15. Tax-Exemption 25
SECTION 16. Arbitrage Rebate 26
SECTION 17. Sale of Bonds 26
SECTION 18. Delivery of Bonds 28
SECTION 19. Official Statement 28
SECTION 20. Undertaking to Provide Ongoing Disclosure 29
SECTION 21. General Authorization 29
SECTION 22. Defeasance 30
SECTION 23. Severability 30
SECTION 24. Effective Date 30

EXHIBIT A Form of Bonds

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