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Ordinance 2001-136
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Ordinance 2001-136
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Last modified
8/19/2013 4:48:22 PM
Creation date
1/25/2006 4:41:00 PM
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CityClerk-Ordinances
Ordinance Number
2001-136
Date (mm/dd/yyyy)
07/31/2001
Description
Approve a Loan Agmt w/State of $670,000, for Stormwater Acti
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<br />CLEAN WATER STATE REVOLVING FUND LOAN AGREEMENT <br /> <br />CONTENTS <br /> <br />PAGE <br /> <br />ARTICLE I - DEFINITIONS <br />1.0 I. WORDS AND TERMS. <br />1.02. CORRELATIVE WORDS. <br /> <br />ARTICLE II - WARRANTIES, REPRESENTATIONS AND COVENANTS <br />2.0 I. WARRANTIES, REPRESENTATIONS AND COVENANTS. <br />2.02. LEGAL AUTHORIZATION. <br /> <br />ARTICLE III - LOAN REPAYMENT ACCOUNTS <br />3.01. LOAN DEBT SERVICE ACCOUNT. <br />3.02. INVESTMENT OF LOAN DEBT SERVICE ACCOUNT MONEYS. <br />3.03. LOAN DEBT SERVICE ACCOUNT WITIlDRA W ALS. <br />3.04. LOAN REPAYMENT RESERVE ACCOUNT. <br />3.05. LOAN REPAYMENT RESERVE WITHDRAWALS. <br />3.06. RESTORATION OF LOAN REPAYMENT RESERVE ACCOUNT. <br />3.07. INVESTMENT OF LOAN REPAYMENT RESERVE MONEYS. <br />3.08. ASSETS HELD INTRUST. <br /> <br />ARTICLE IV - PROGRAM INFORMATION <br />4.01. PROJECT CHANGES. <br />4.02. TITLE TO PROJECT SITE. <br />4.03. RESERVED. <br />4.04. RESERVED. <br />4.05. PROHIBITION AGAINST ENCUMBRANCES. <br />4.06. COMPLETION MONEYS. <br />-...... <br />4.07. CLO~UT. . <br />4.08. LOAN DISBuRsEMENTS. <br /> <br />ARTICLE V - RATES AND USE OF THE STORMW A TER SYSTEM <br />5.01. RATE COVERAGE. <br />5.02. MAINTENANCE OF THE STORMW A TER SYSTEM. <br />5.03. ADDITIONS AND MODIFICATIONS. <br />5.04. COLLECTION OF REVENUES. <br />, <br /> <br />ARTICLE VI - DEFAULTS AND REMEDIES <br />6.01. EVENTS OF DEFAULT. <br />6.02. REMEDIES. <br />6.03. DELAY AND WAIVER. <br /> <br />ARTICLE VII - THE PLEDGED REVENUES <br />7.01. SUPERIORITY OF TIlE PLEDGE TO THE DEPARTMENT. <br />7.02. ADDITIONAL DEBT OBLIGATIONS. <br /> <br />1 <br />1 <br />3 <br /> <br />3 <br />3 <br />5 <br /> <br />5 <br />5 <br />6 <br />6 <br />6 <br />6 <br />6 <br />6 <br />6 <br /> <br />7 <br />7 <br />7 <br />7 <br />7 <br />7 <br />7 <br />8 <br />8 <br /> <br />8 <br />8 <br />9 <br />9 <br />9 <br /> <br />9 <br />9 <br />10 <br />10 <br /> <br />11 <br />11 <br />11 <br />
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