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~~o~; 'the 5ystem, nt the tiine rett~ined by the County to ~erform the : ~
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e~ts. and earry out tt~e duti~s " as herein provided ~for such y.
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Consulting Bngineers.-:' : , js,
"County" 'sha11 mean _St. Lucie County~ a .political _
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subdivision of the State of Flo~c.i~d~+. .
' "I3ebL- Service Regu~rement" sha~ll me~?n: i
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~ (l~' for the Note Year, commencing November 19, ~98'I, the ~
~ total interest~due on the Note during such. Note Year calcula~ed k
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or~ the basis af taj the County's; an~.tcfpate~ ~dra~Wdown schedule . _
for the Note:proceeds and (b) the imputed Rmte for.BUCh period;
(2)~for the Note Yea~cs commencing November ~9, 1988,-and
theresfter, t~?'} the interest due' during such Note Ye+~r based upon
(iy the principal am~rti~zat~on schedule then in effect and tii) -
the Imputed Rate for each Note Yesr• and tb) the pri»cipa~
. becoming ~ue and pay$ble during such. Note Year based upor? the
_ priricipsl amortiza~tfon ~schedule then in effect.
"Event ~of Default" sfiall mean one of thoBe events ~ -
- defined as such~ in: Section 11 of tbis Resolutiorr.
"Fines an~A Forfeitures" shall mean the surplus moneys ~
- semaining in the - County's ff ne and forfeiture fund at the end of
. each~ fiscal year as ~provided in ;Section` 142'.41, ~'lorida Statutes.
~ »Fixed Rnte" s~h~21 mean a rate of ~interes~: per annum
_equsl to the Lender•s-Adjusted Cost :of Funds plus two perCent
(2~)• . .
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~ ROF(LUCIE-30)1A-16~11j16/$7) • .
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