Res 2017-139/Whisper finance agreement

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"Prepayment Costs" mean interest and expenses to the date of prepayment, plus any additional expenses, if any, related to the prepayment, reasonably expected to be incurred by or imposed upon the City as a result of any prepayment of a Special Assessment and the PID Bonds secured by such Special Assessment. "Prepayment Reserve" has the meaning set forth in Section IV.H of this SAP. "Property" means the approximately 706 acres of property depicted and described by metes and bounds on Exhibit A to Resolution No. 2014-143R as adopted by City Council on October 6, 2014. The Property is located within the City and is legally described in Appendix BB to this SAP and is depicted in Table I of this SAP. "Public Improvements" mean the Authorized Improvements designed, constructed, and installed in accordance with this SAP for which Special Assessments are levied against the Assessed Property that receives a special benefit from such improvement and depicted in Appendix D. "Public Improvement Costs" mean the actual or budgeted costs, as applicable, of all or any portion of the Public Improvements, as these costs may be updated from time to time. "Service and Assessment Plan" or "SAP" or "Assessment Plan" means this Whisper Public Improvement District Service and Assessment Plan (as such plan is amended, supplemented or updated from time to time) approved by the City Council in the first Assessment Ordinance. "Special Assessment(s)" means the assessments levied against properties in the District, as provided for in the applicable Assessment Order and in the Service and Assessment Plan, including any supplemental assessments or reallocation of assessments levied in accordance with Sections 372.019 and 372.020 of the PID Act. "Trustee" means the trustee under the Indenture, and any successor thereto permitted under such Indenture and any other Trustee under a future Indenture. R