Definition of 2018 Borrowing

2018 Borrowing means SEDA's Urban Renewal Borrowing (Glenwood Urban Renewal Area), Series 2018 that is authorized by Section 2 of this Resolution.

Examples of 2018 Borrowing in a sentence

The proceeds of the 2018 Borrowing shall be used to finance the Projects, to fund a debt service reserve, if necessary, and to pay costs of issuing the 2018 Borrowing.
SEDA hereby authorizes the sale and delivery of the 2018 Borrowing in a principal amount not to exceed three million dollars ($3,000,000) pursuant to the applicable provisions of ORS Chapters 287A and 457.