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follows: <br /> <br />The special reserve fund shall be administered as <br /> <br /> A. During the term of the bonds, the amount in the <br />special reserve fund shall be available for transfer into the <br />redemption fund in accordance with Section 9620 of the Streets and <br />Highways Code, to the extent of delinquencies in the payment of <br />reassessments (or delinquencies, if any, in the assessments <br />replaced by the reassessments). The amount so advanced shall be <br />reimbursed to the special reserve fund from the proceeds of <br />redemption or sale of the parcel for which payment of delinquent <br />reassessment installments was made from the special reserve fund. <br /> <br /> B. If any reassessment is prepaid before final maturity <br />of the bonds, the amount of principal which the assessee is <br />required to prepay shall be reduced by an amount which is in the <br />same ratio to the original amount of the special reserve fund as <br />the original amount of the prepaid reassessment bears to the total <br />amount of reassessments originally levied in Dublin Canyon Road <br />Reassessment District No. 1990-1. This reduction in the amount of <br />principal prepaid shall be balanced by a transfer from the special <br />reserve fund to the redemption fund in the same amount. <br /> <br /> C. The amounts deposited in the reserve fund will never <br />exceed 10% of the proceeds of the bond issue. Proceeds of <br />investment of the special reserve fund shall be deposited in the <br />investment earnings fund. <br /> <br />4 <br /> <br /> <br />