Ordinance 99-86 - Laserfiche WebLink

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"Franchise Ordinances" shall mean all proceedings of the City imposing the Franchise Fees, including Ordinance No. 99-66 of the City enacted on April 15, 1999 and effective ten days thereafter with respect to Franchise Fees for cable television providers, Ordinance No. 98-31 of the City enacted on April 23, 1998 and effective ten days thereafter with respect to Franchise Fees for solid waste collection services, Ordinance No. 98-23 of the City enacted on March 12, 1998 and effective ten days thereafter with respect to Franchise Fees for sales of gas, and Ordinance No. 98- 11 of the City enacted on January 8, 1998 and effective ten days thereafter with respect to Franchise fees for telephone service providers, as the same may be amended from time to time, and every supplementary ordinance or other ordinance in lieu thereof as may hereafter be enacted. Franchise Ordinances shall also include the Interlocal Agreement dated as of December 15, 1998 between the City and Miami-Dade County, Florida with respect to Franchise Fees payable by Florida Power and Light (FPL), as the same may be amended or supplemented from time to time. "Interest Rate" shall mean: (i) with respect to the First Tranche of the maximum authorized principal amount of the Bond to be advanced by the Bondholder, such rate of interest as shall be approved by subsequent proceedings of the City on or prior to the date of the original issuance and delivery of the Bond; (ii) with respect to the Second Tranche of the maximum authorized principal amount of the Bond to be advanced by the Bondholder, such rate of interest as shall be approved by subsequent proceedings of the City not less than fifteen days after the date described in clause (i) above; and (iii) with respect to the Third Tranche of the maximum authorized principal amount of the Bond to be advanced by the Bondholder, such rate of interest as shall be approved by subsequent proceedings of the City not less than fifteen days after the date described in clause (ii) above. The Interest Rate shall be subject to adjustment as set forth in Section 2.7 of this Ordinance. The Interest Rate on the First Tranche shall be reset on December 15, 2009 to such rate of interest as shall be set forth in a written agreement between the Bondholder and the City. The Interest Rate on the Second Tranche shall be reset on December 30, 2009 to such rate of interest as shall be set forth in a written agreement between the Bondholder and the City. The Interest Rate on the Third Tranche shall be reset on January 14,2010 to such rate of interest as shall be set forth in a written agreement between the Bondholder and the City. The subsequent proceedings of the City for the reset of the Interest Rate on the Second Tranche shall be approved by the City not earlier than fifteen days after the date of the subsequent proceedings of the City for the reset of the Interest Rate on the First Tranche. The subsequent proceedings of the City for reset of the Interest Rate on the Third Tranche shall be approved by the City not earlier than fifteen days after the date of the subsequent proceedings of the City and the Bondholder for the reset of the Interest Rate on the Second Tranche. ''Non-electric Utilities Tax" shall mean the tax imposed by the City on each and every purchase in the City of water, metered gas, bottled gas, coal, fuel oil and telecommunications service (as such terms are used and/or defmed in the Utilities Tax Ordinance). Said term shall also apply to all taxes imposed by the City on the purchase of water, metered gas, bottled gas and telecommunications service (as such terms are used and/or defined in the Utilities Tax Ordinance), whether levied in the amounts prescribed by the Utilities Tax Ordinance or in any other amounts and whether imposed either by amendment to the Utilities Tax Ordinance or otherwise. 7