As used in this chapter, the following terms shall have the following meanings:
(a) “Sinking Fund”: the Sinking Fund provided for in this chapter, which constitutes the Bond Retirement Fund of the City required by RC 5705.09(C).
(b) “Sinking Fund Commission”: the commission consisting of the Mayor, the Director of Finance, and the President of the Council, established pursuant to Section 110 of the Charter of the City of Cleveland to manage and control the Sinking Fund in the manner provided by ordinance and by general law to the extent not provided by ordinance.
(c) “Escrow Agent”: the agent designated by the Sinking Fund Commission pursuant to Section 179.02 for the purposes set forth in this chapter.
(d) “Debt Charges”: the principal of and call premium, if any, and interest on general obligation bonds or notes of the City.
(e) “Voted Obligations”: general obligation bonds of the City authorized by vote of the electors and notes issued in anticipation of such bonds.
(f) “Unvoted Tax Supported Obligations”: general obligation bonds of the City, not authorized by vote of the electors, and notes issued in anticipation of such bonds, other than Self-Supporting Obligations, payable from ad valorem property taxes levied within the limitations provided by law, irrespective of whether such bonds or notes are secured by other receipts of the City in addition to such ad valorem property taxes, and including any such general obligation bonds, and notes issued in anticipation of such bonds, which are not or cease to be Self-Supporting Obligations.
(g) “Self-Supporting Obligations”: general obligation bonds of the City, and notes issued in anticipation of such bonds, issued for permanent improvements (as defined in RC 133.01) which constitute or are part of an Enterprise of the City, to the extent that the City’s Self-Supporting Revenues from such Enterprise are sufficient and available to meet the annual debt charges on such bonds issued or to be issued for the purposes of such Enterprise. “Voted Self- Supporting Obligations” are Self-Supporting Obligations which are Voted Obligations; “Unvoted Self-Supporting Obligations” are all other Self- Supporting Obligations.
(h) “Self-Supporting Revenues”: the annual income to the City, including charges, prices, fees, and rentals, from the operation or ownership of an Enterprise, after deducting therefrom the City’s annual cost of operation and maintenance (other than depreciation) of such Enterprise and any payments or deposits required to be made by the City under any ordinance, trust indenture, trust agreement or other agreement which pertains to revenue or mortgage revenue bonds or notes issued for the purposes of such Enterprise or which otherwise creates a prior pledge or lien on such income for payments of any obligations other than debt charges on general obligation bonds or notes of the City.
(i) “Enterprise”: a water system, electric power or distribution system, airports, or ports, or any motor vehicle parking system, solid waste collection, disposal, or recovery system or other facility, or group or system of facilities, determined to be an enterprise for purpose of this chapter pursuant to an ordinance authorizing the issuance of Self-Supporting Obligations for the purposes of such system or facility.
(j) “Ten-Mill Limitation”: the ten-mill limitation defined in RC 5705.02.
(Ord. No. 944-96. Passed 6-10-96, eff. 6-19-96)