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B. If any assessment is prepaid before final <br />maturity of the bonds, the amount of principal which the <br />assessee is required to prepay shall be reduced by an amount <br />which is in the same ratio to the original amount of the special <br />reserve fund, together with accrued interest, as the original <br />amount of the prepaid assessment bears to the total amount of <br />assessments originally levied in Assessment District No. 1984-1, <br />Hopyard Road. This reduction in the amount of principal prepaid <br />shall be balanced by a transfer from the special reserve fund to <br />the redemption fund in the same amount. <br /> <br /> C. The City Council reserves the right to make <br />transfers from the reserve fund at any time, and from time to <br />time, of interest accrued to the reserve fund, for the purpose <br />of crediting installments of principal and interest on the <br />assessments or for the purpose of advance retirement of bonds. <br />Whenever required to prevent the reserve fund from exceeding the <br />reserve limitations set by federal statute and regulation, the <br />Director of Finance is directed to transfer accrued interest <br />from the special reserve fund to the redemption fund from time <br />to time, and to establish pro rata credits against annual <br />installments of assessment principal and interest in the same <br />amount in the year following the year of transfer. <br /> <br /> D. When the amount in the special reserve fund <br />equals or exceeds the amount required to retire the remaining <br />unmatured bonds (whether by advance retirement or otherwise), <br />the amount of the special reserve fund shall be transferred to <br />the redemption fund, and the remaining installments of principal <br /> <br /> <br />