Authorizing Ordinance definition

Authorizing Ordinance means Ordinance No. [Board Bill No. ] affirming approval and adoption of the Redevelopment Plan, Redevelopment Project, and designation of the Redevelopment Area, designating Developer as the developer of the Redevelopment Area, and authorizing the City to enter into a Redevelopment Agreement with Developer.

Authorizing Ordinance means Ordinance No. [ Board Bill No. ], adopted on , 2007, affirming adoption of the Redevelopment Plan, Redevelopment Area, and Redevelopment Project, authorizing execution of a Redevelopment Agreement for the construction of the Redevelopment Project and making certain findings related thereto.

Authorizing Ordinance means Ordinance No. [ Board Bill No. ], signed

Examples of Authorizing Ordinance in a sentence

• All income derived from such investments shall be added to the amounts in the respective funds, if required, or to the Revenue Fund or to such funds as may be designated in the Authorizing Ordinance, and such investments shall be liquidated to the extent at any time necessary to apply the proceeds thereof to the purpose for which the respective funds have been created.

• The City shall use the proceeds of the Loan strictly in accordance with the terms of the Authorizing Ordinance and this Loan Agreement.

• All moneys in any of the Funds and Accounts shall be invested in investment securities permitted by State law and the Authorizing Ordinance.

• Notwithstanding the foregoing, (i) the Department shall be under no obligation to continue to make disbursements after an Event of Default has occurred and is continuing under the Authorizing Ordinance or this Loan Agreement; and (ii) the Department shall not be obligated to make or continue to make disbursements if funds are not legally available to the Department in the State Revolving Fund to make the Loan or make disbursements pursuant to the Loan.

• Additionally, for the payment of and further security for the principal, interest and Administrative Fee on the Bond, the City has established and agrees to maintain the Funds and Accounts to be administered in the manner set forth in the Authorizing Ordinance.

More Definitions of Authorizing Ordinance

Authorizing Ordinance means Ordinance No. 67526, signed by the Mayor on June 11, 2007, affirming adoption of the Redevelopment Plan, Redevelopment Area, and Redevelopment Project, authorizing execution of a Redevelopment Agreement for the construction of the Redevelopment Project and making certain findings related thereto.

Authorizing Ordinance means Ordinance No. [ Board Bill No. ], adopted

Authorizing Ordinance means the Ordinance adopted by the Board on April 7, 2020 authorizing the Enterprise to finance the Project, enter into the Loan and execute and deliver the Note, this Agreement, and the other Financing Documents.

Authorizing Ordinance means the resolutions and ordinances adopted by the governing authority of the City authorizing the issuance of the Bonds and authorizing the sale of the Bonds to the Department, as they may be supplemented, modified or amended from time to time in accordance with their terms.

Authorizing Ordinance means the Ordinance adopted by the Board on September 17, 2019 authorizing the Enterprise to finance the Project, enter into the Loan and execute and deliver the Note, this Agreement, and the other Financing Documents.

Authorizing Ordinance means Ordinance No. 483 of the Board of Directors of the City, duly adopted on October 20, 1988, creating the Issuer.

Authorizing Ordinance means Ordinance No. [Board Bill No. ] affirming approval and adoption of the Redevelopment Plan, Redevelopment Project, and designation of the Redevelopment Area, designating Developer as the developer of Phase 1 of Redevelopment Project, and authorizing the City to enter into Redevelopment Agreements for Phase 1 and Phase 2 with Developer.