747-17 Master Resolution for Infrastructure Sales Surtax Revenue Bond (City Hall Project), Series 2017

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BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ZEPHYRHILLS, FLORIDA, as follows: ARTICLE I GENERAL SECTION 1.01 Definitions. When used in this Resolution, the following terms shall have the following meanings,unless the context clearly otherwise requires: "Act" shall mean the Constitution and laws of the State of Florida, Chapter 166, Florida Statutes, Chapter 212, Florida Statutes, Chapter 218, Part IV, Florida Statutes, the Charter of the Issuer, Ordinance No. 12-16 duly enacted by the Board of County Commissioners of Pasco County, Florida on July 10, 2012, as amended on October 23, 2012, and a successful referendum conducted thereunder on November 6, 2012 where the one-cent local infrastructure sales surtax was extended through December 31, 2024 (as it may hereafter be extended), and other applicable provisions of law. "Additional Bonds" shall mean the obligations issued at any time under the provisions of Section 5.02 hereof on a parity with the Series 2017 Bond. "Additional Project" shall mean designing, permitting, acquisition, construction, reconstruction and/or equipping of the facilities and general infrastructure authorized by the Issuer and located within the Issuer and shall include all property rights, easements, franchises and equipment relating thereto and deemed necessary or convenient for the designing, permitting, acquisition, construction, reconstruction, equipping and/or the operation thereof, which are financed in whole or in part with the proceeds of Additional Bonds all as determined by the Issuer and in accordance with plans and specifications on file or to be filed with the Issuer. "Amortization Installment" shall mean an amount designated as such by Supplemental Resolution of the Issuer and established with respect to any Term Bonds. "Annual Debt Service" shall mean, with respect to any Bond Year, the aggregate amount of(1) all interest required to be paid on the Outstanding Bonds during such Bond Year, except to the extent that such interest is to be paid from (a) deposits in the Interest Account made from Bond proceeds or (b) a direct subsidy payment expected to be received by the Issuer from the United States Treasury relating to Direct Subsidy Bonds or any other interest subsidy or similar payments made by the Federal government, (2) all principal of Outstanding Serial Bonds maturing in such Bond Year, and (3) all Amortization Installments herein designated with respect to such Bond Year. "Bond Amortization Account" shall mean the separate account in the Debt Service Fund established pursuant to Section 4.04 hereof. "Bond Counsel" shall mean Bryant Miller Olive P.A. or any other attorney at law or firm of attorneys, of nationally recognized standing in matters pertaining to the exclusion from gross income for federal income tax purposes of interest on obligations issued by states and political subdivisions, and duly admitted to practice law before the highest court of any state of the United States of America. "Bond Year" shall mean the period commencing on October 2 and ending on twelve months later on October 1. "Bondholder" or "Holder" or "holder" or any similar term, when used with reference to a Bond or Bonds, shall mean any person who shall be the registered owner of any Outstanding Bond or Bonds as provided in the registration books of the Issuer. "Bonds" shall mean the Series 2017 Bond, together with any Additional Bonds issued pursuant to this Resolution. 1