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SA-3 - RESO TAX ALLOCATION BOND
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SA-3 - RESO TAX ALLOCATION BOND
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Last modified
7/12/2018 5:35:37 PM
Creation date
7/12/2018 5:27:26 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
SA-3
Date
7/17/2018
Destruction Year
2023
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(iii) The Interest Payment Dates for such Additional Bonds; provided <br />that Interest Payment Dates shall be on the same semiannual dates as the Interest <br />Payment Dates for Series 2018 Bonds; <br />(iv) The denomination and method of numbering of such Additional <br />Bonds; <br />(v) The redemption premiums, if any, and the redemption terms, if <br />any, for such Additional Bonds; <br />(vi) The amount and due date of each mandatory Sinking Account <br />Installment, if any, for such Additional Bonds; <br />(vii) The amount, if any, to be deposited from the proceeds of such <br />Additional Bonds in the Reserve Account; provided that the amount deposited in <br />or credited to such Reserve Account shall be increased at or prior to the time such <br />Additional Bonds become Outstanding to an amount at least equal to the Reserve <br />Account Requirement on all then Outstanding Bonds and such Additional Bonds, <br />and that an amount at least equal to the Reserve Account Requirement on all <br />Outstanding Bonds shall thereafter be maintained in or credited to such Reserve <br />Account; <br />(viii) The form of such Additional Bonds; and <br />(ix) Such other provisions, as are necessary or appropriate and not <br />inconsistent with the Indenture. <br />(c) Such Additional Bonds may be issued only for the purpose of refunding <br />bonds or other indebtedness of the Agency or its Former RDA (including, without <br />limitation, refunding Bonds outstanding under the Indenture) in accordance with the Law, <br />including payment of all costs incidental to or connected with such refunding and funding <br />or providing for the funding of related reserves, and the payment of all costs incidental to <br />or connected with such refunding, provided that the issuance of such Additional Bonds <br />shall comply with the terms of California Health and Safety Code Section 34177.5. <br />Nothing contained in the Indenture shall limit the issuance of any tax increment <br />bonds or other obligations of the Agency secured by a lien and charge on Tax Revenues <br />junior to that of the Bonds. <br />Section 4.02 Procedure for the Issuance of Additional Bonds. All of the Additional <br />Bonds shall be executed by the Agency for issuance under the Indenture and delivered to the <br />Trustee and thereupon shall be delivered by the Trustee upon the Written Request of the Agency,_ <br />but only upon receipt by the Trustee of the following documents or money or securities: <br />(a) A certified copy of the Supplemental Indenture authorizing the issuance of <br />such Additional Bonds; <br />4150-2542-5420.3 25 <br />40990-25 <br />SA -3-43 <br />
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