The purpose and intent of this chapter is to provide the procedures to be followed by the city with respect to the authorization, issuance and sale of bonds and other obligations for the purpose of financing the solid waste collection and disposal enterprise of the city. The following definitions apply in this chapter and shall not be construed to define the same terms found in any other section of this code.
As used in this chapter, the following terms shall have the meanings set forth below:. Reimbursement to the city for any costs and expenses that are included in this definition, are paid by the city, have not previously been reimbursed to the city, and will not be reimbursed from contributions in aid of construction.
Costs of preliminary investigation and development, including the cost of performing or acquiring feasibility and planning studies; the cost of securing regulatory approvals; the cost of acquiring land and land rights; fees for engineering and contractor services; the costs of labor, materials, equipment, utility services, and supplies; and legal fees and financing expenses. Working capital and working-capital reserves in such amounts as the city determines to be appropriate.
Interest accruing in whole or in part on bonds before and during construction of a capital improvement, or any portion of a capital improvement, and interest accruing for such additional time as the city determines. Deposits from the proceeds of bonds in any funds or accounts when the issuing instrument requires such deposits. The payment of principal, purchase price, premium, and interest of any indebtedness, the proceeds of which were applied to capital improvement costs.
Training and testing costs that are properly allocable to acquiring or constructing a capital improvement or placing it in operation.
