Examples of Final Bond Sale in a sentence
If the amount from Step 5.b is greater than the Annual Costs in Step 5.a and the Special Tax levy will occur BEFORE the Final Bond Sale and funding of Authorized Facilities up to 100 percent of the Anticipated Construction Proceeds, levy the 100 percent of the Maximum Annual Special Tax on all Developed Parcels.
If the amount from Step 5.b is greater than the Annual Costs in Step 5.a and the Special Tax levy will occur AFTER the Final Bond Sale and funding of Authorized Facilities up to 100 percent of the Anticipated Construction Proceeds, decrease Proportionately the Maximum Annual Special Tax levy for each Developed Parcel until the Special Tax revenue from the levy of the Maximum Annual Special Tax on all Developed Parcels equals Annual Costs calculated in Step 5.a.
At the time of the Final Bond Sale, the Administrator shall identify the Expected Maximum Special Tax Revenues which shall be the amount used to determine the Debt Service Coverage when the final series of Bonds are issued.
For comparison purposes, we have undertaken an assessment of potential vehicle trips rates based on sites between 1000m2 – 6000m2 and 1000m2 – 8000m2.
Upon approval of the Land Use Change, the Administrator shall update Attachment 2 to show the reduced Expected Maximum Special Tax Revenue, which shall then be the amount used to size the Final Bond Sale.
Upon approval of the Land Use/Entitlement Change, the Administrator shall update Attachment 1 and recalculate the reduced Expected Maximum Special Tax Revenues, and the reduced Expected Maximum Special Tax Revenues shall be the amount used to determine the amount of the Final Bond Sale.
Mandatory Partial Prepayments, when required AFTER the Final Bond Sale, will be calculated as described below.
If the amount from Step 6.b is greater than the Annual Costs in Step 6.a and the Special Tax levy will occur BEFORE the Final Bond Sale and BEFORE funding of Authorized Facilities up to 100 percent of the Anticipated Construction Proceeds, levy the 100 percent of the Assigned Special Tax on all Developed Parcels.
If, prior to the Final Bond Sale, a Land Use/Entitlement Change is proposed that will result in a reduction in the Expected Maximum Special Tax Revenues, no action will be needed pursuant to this Section D as long as the reduction in Expected Maximum Special Tax Revenues does not reduce debt service coverage on outstanding Bonds below the amount committed to in the Bond documents.
The documentation shall also include a market data bank, map records, and a property record.