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Ord 2016-042/approving a service and assessment plan for the Trace Public Improvement District; making a finding of special benefit to the property in the district; levying special assessments against property within the district; establishing a lien on s
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Ord 2016-042/approving a service and assessment plan for the Trace Public Improvement District; making a finding of special benefit to the property in the district; levying special assessments against property within the district; establishing a lien on s
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City Clerk - Document
Ordinances
City Clerk - Type
Approving
Number
2016-42
Date
10/18/2016
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3¤¢³¨® 6 <br /> <br />3%26)#% 0,!. <br /> <br />4§¤ 0)$ !¢³ ±¤°´¨±¤² ³§¤ 3¤±µ¨¢¤ 0« (¨) ¢®µ¤± ¯¤±¨®£ ®¥ ³ « <br />³§¤ ´ « ¯±®©¤¢³¤£ ¢®²³² £ ¨£¤¡³¤£¤²² ¥®± ³§¤ 0´¡«¨¢ )¬¯±® <br />¶¨³§¨ ³§¤ 0)$ £´±¨¦ ³§¤ ¥¨µ¤ ¸¤ ± ¯¤±¨®£ )³ ¨² ³¨¢¨¯ ³¤£ ³ <br />18¬®³§² ¥®± ³§¤ - ©®± 0´¡«¨¢ )¬¯±®µ¤¬¤³² ³® ¡¤ ¢®²³±´¢³¤£ <br /> <br />4§¤ ¤²³¨¬ ³¤£ !¢³´ « #®²³² ¥®± ³§¤ - ©®± 0´¡«¨¢ )¬¯±®µ¤¬¤³² ¯«´² ¢®²³² ±¤« ³¤£ ³® ³§¤ <br />¨²²´ ¢¤ ®¥ ³§¤ - ©®± 0´¡«¨¢ )¬¯±®µ¤¬¤³ 0)$ Bondsþ £ ¯ ¸¬¤³ ®¥ ¤·¯¤²¤² ¨¢´±±¤£ ¨ <br />³§¤ ¤²³ ¡«¨²§¬¤³þ £¬¨¨²³± ³¨® £ ®¯¤± ³¨® ®¥ ³§¤ 0)$ ¨² a11,194,308 ² ²§®¶ ¨ <br />4 ¡«¤ 6-A 4§¤ 3¤±µ¨¢¤ 0« ²§ «« ¡¤ ±¤µ¨¤¶¤£ £ ´¯£ ³¤£ ³ «¤ ²³ ´ ««¸ <br />®¥ £¤³¤±¬¨¨¦ ³§¤ ´ « ¡´£¦¤³ ¥®± !£¬¨¨²³± ³¨µ¤ %·¯¤²¤²þ ´¯ <br />¢®²³² ®¥ ³§¤ 0´¡«¨¢ )¬¯±®µ¤¬¤³²þ £ ´¯£ ³¨¦ !²²¤²²¬¤³ 2®«« ²!¯¯¤£¨· ! <br />!¸ ´¯£ ³¤ ³® ³§¨² 3!0 ¨² §¤±¤¨ ±¤¥¤±±¤£ ² !´ « 3¤±µ¨¢¤ <br />4 ¡«¤ 6-A ²´¬¬ ±¨¹¤² ³§¤ ²®´±¢¤² £ ´²¤² ®¥ ¥´£² ±¤°´¨±¤£ ³® ¢®²³±´¢³ ³§¤ - ©®± <br />Improvement²þ ¤²³ ¡«¨²§ ³§¤ 0)$þ £ ¨²²´¤ ³§¤ - ©®± )¬¯±®µ¤¬¤³ 0´¡«¨¢ )¬¯ <br />0)$ "®£² 4§¤ ²®´±¢¤² £ ´²¤² ®¥ ¥´£² ²§®¶ ¨ 4 ¡«¤ 6-A ²§ «« ¡¤ ´¯£ ³¤£ ¤ ¢§ ¸¤ ± <br />¨ ³§¤ !´ « 3¤±µ¨¢¤ 0« 5¯£ ³¤ ³® ±¤¥«¤¢³ ¸ ±¤µ¨²¨®² ³® ³§ <br />A££¨³¨® « 0)$ "®£ ¨²²´¤²þ ¨¥ ¸ <br />Table V-A <br />Major Public Improvement PID Bonds <br />Sources and Uses of Funds <br />Sources of Funds <br />Gross Bond Amount $11,175,000 <br />Owner Contribution (a)19,308 <br />$11,194,308 <br />Uses of Funds <br />$9,334,058 <br />Authorized Improvements (b): <br />Other Fund Deposits: <br />Debt Service Reserve Fund (c):$869,000 <br />Capitalized Interest (d):156,000 <br />$1,025,000 <br />$500,000 <br />Cost of Issuance: <br />$335,250 <br />Underwriter's Discount/Underwriter Counsel (e): <br />$11,194,308 <br />(a) Owners will fund all costs not covered by the PID Bonds. <br />(b) See Table III-A and Table IV-A for details. <br />(c)ThePIDBondswillincludeadebtservicereservefundequalto <br />the average annual debt service. <br />(d)ThePIDBondswillinclude12monthsofcapitalizedinterestfor <br />Phase 2A only. <br />(e)ThePIDBondswillhaveanUnderwritersDiscountand <br />Underwriter Counsel Fee equal to 3.0% of the Gross Bond Amount. <br /> <br />21 <br /> <br />
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