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10B Action 2014 0616
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10B Action 2014 0616
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Last modified
6/30/2014 10:00:25 AM
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6/11/2014 10:56:24 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
6/16/2014
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PowerPoint 10B Action 2014 0616 Tax Allocation Bonds
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Path:
\City Clerk\City Council\Agenda Packets\2014\Packet 2014 0616
SA Reso 2014-002
(Reference)
Path:
\City Clerk\City Council\Resolutions\2014
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-ii <br />THE TRUSTEE: <br />Section 6.01. Duties, Immunities and Liabilities of Trustee.................................................................35 <br />Section 6.02. Merger or Consolidation..................................................................................................36 <br />Section 6.03. Liability of Trustee...........................................................................................................36 <br />Section 6.04. Right to Rely on Documents and Opinions.....................................................................38 <br />Section6.05. Preservation and Inspection of Documents....................................................................39 <br />Section 6.06. Compensation and Indemnification................................................................................39 <br />Section 6.07. Deposit and Investment of Moneys in Funds..................................................................39 <br />Section 6.08. Accounting Records and Financial Statements..............................................................40 <br />Section 6.09. Appointment of Co-Trustee or Agent..............................................................................40 <br />Section 6.10.Other Transactions with Successor Agency...................................................................41 <br />ARTICLE VII: <br />MODIFICATION OR AMENDMENT OF THIS INDENTURE: <br />Section 7.01. Amendment With And Without Consent of Owners........................................................42 <br />Section 7.02. Effect of Supplemental Indenture...................................................................................42 <br />Section 7.03. Endorsement or Replacement of Bonds After Amendment............................................43 <br />Section 7.04. Amendment by Mutual Consent......................................................................................43 <br />SECTION 7.05. Trustee's Reliance........................................................................................................43 <br />ARTICLE VIII: <br />EVENTS OF DEFAULT AND REMEDIES OF OWNERS: <br />Section 8.01. Events of Default and Acceleration of Maturities............................................................44 <br />Section 8.02. Application of Funds Upon Acceleration.........................................................................45 <br />Section 8.03. Power of Trustee to Control Proceedings.......................................................................45 <br />Section8.04. Limitation on Owner's Right to Sue.................................................................................46 <br />Section 8.05. Non-Waiver.....................................................................................................................46 <br />Section 8.06. Actions by Trustee as Attorney-in-Fact...........................................................................47 <br />Section 8.07. Remedies Not Exclusive.................................................................................................47 <br />ARTICLE IX: <br />MISCELLANEOUS: <br />Section 9.01. Benefits Limited to Parties..............................................................................................48 <br />Section 9.02. Successor is Deemed Included in All References to Predecessor.................................48 <br />Section 9.03. Defeasance of Bonds......................................................................................................48 <br />Section 9.04. Execution of Documents and Proof of Ownership by Owners........................................49 <br />Section 9.05. Disqualified Bonds..........................................................................................................49 <br />Section 9.06. Waiver of Personal Liability.............................................................................................49 <br />Section 9.07. Destruction of Cancelled Bonds.....................................................................................49 <br />Section 9.08. Notices............................................................................................................................50 <br />Section 9.09. Partial Invalidity...............................................................................................................50 <br />Section 9.10. Unclaimed Moneys.........................................................................................................50 <br />Section 9.11. Execution in Counterparts...............................................................................................50 <br />Section 9.12. Governing Law................................................................................................................51 <br />EXHIBIT A FORM OF 2014 BOND.............................................................................................A-1 <br />EXHIBIT B RECOGNIZED OBLIGATION DEBT SERVICE PAYMENT SCHEDULE
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