1990 RES R-102-90 - Laserfiche WebLink

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1 2 3 4 5 6 7 8 9' 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 incurred by and for the Community Facilities District, in an aggregate principal amount not to exceed $10,000,000 for the purpose of financing the design, construction, and acquisition of the public facilities described in the Resolution of Intention. Section 3. Costs Included. The amount of the proposed bonded indebtedness shall include all costs and estimated costs incidental to, or connected with, the accomplishment of the purposes for which the proposed bonded indebtedness is to be incurred, including, but not limited to, the estimated costs of construction and acquisition of the public facilities which are proposed to be provided within and for the Community Facilities District, acquisition of land and rights-of-way, satisfaction of contractual obligations relating to expenses or the advancement of funds for expenses existing at the time the bonds are issued, architectural, engineering, inspection, legal, fiscal and finan- cial consultant fees, bond and other reserve funds and interest on any bonds of the Community Facilities District due and payable prior to the expiration of one year from the date of completion of the construction and acquisition of the public facilities, not to exceed two years, election costs, and all costs of issuance of the bonds, including, but not limited to underwriter's discount, fees for bond counsel, costs of obtaining credit ratings, bond insurance premiums, fees for letters of credit, and other credit enhancement costs, and printing costs. Section 4. Payment of Bonded Indebtedness. All parcels of taxable property within the Community Facilities District shall -2-