Title
First Supplemental Bond Resolution Authorizing the Issuance of Parking Enterprise Revenue Refunding Bonds Series 2025A and Taxable Parking Enterprise Revenue Refunding Bonds Series 2025B
Body
FIRST SUPPLEMENTAL
BOND RESOLUTION
BE IT RESOLVED by the Board of Commissioners of the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota, that General Bond Resolution is hereby supplemented as follows:
ARTICLE 1
DEFINITIONS, LEGAL AUTHORIZATION AND FINDINGS
SECTION 1.1 Definitions
. Any capitalized terms used herein shall have the meanings given such terms in the General Bond Resolution or the Pledge Agreement, unless the context or use thereof clearly indicates another or a different meaning or intent. In addition, the following terms, unless the context or use thereof shall clearly require otherwise, shall have the following meanings:
Authority or Issuer: means the Housing and Redevelopment Authority of the City of Saint Paul, Minnesota, its successors and assigns;
Authorized Denominations: (i) while the Series 2025 Bonds are in the book-entry-only system under Section 2.8 hereof, for each Series 2025 Bond the entire principal amount maturing on a single date, and (ii) while the Series 2025 Bonds are not in the book-entry-only system under Section 2.9, $5,000 or any integral multiple thereof;
Beneficial Owner: the person for which a DTC Participant holds an interest in the Series 2025 Bonds as shown on the books and records of the DTC Participant;
Block 19 Option Agreement: the Option to Purchase and Right of First Refusal Agreement, dated as of May 15, 2002, between the Authority and the Grantee, relating to the Block 19 Ramp, as the same may be amended or supplemented from time to time;
Block 19 Ramp: the parking ramp/garage commonly known as the Block 19 Parking Ramp located on the block bound by Seventh, Jackson, Ninth and Robert Streets at 145 East 7th Street in the City;
Bond Closing: the date on which the Se...
Click here for full text