§ 4.54.030. Definitions.


Latest version.
  • Unless the context otherwise requires, the following definitions shall govern the construction of this Chapter. Certain definitions which govern the City's Affordable Housing Program are provided in Article IV herein.

    "Affordable housing project" means any acquisition, rehabilitation, preservation, or new construction of real property, determined by the City to be in furtherance of affordable housing, including but not limited to the loan or grant of the proceeds of bonds to public or private entities or persons. Affordable housing projects shall be undertaken in accordance under the City's Affordable Housing Program as provided in Article IV herein.

    "Bonds" means any general obligation bonds issued by the City pursuant to this Chapter. Bonds shall include the $600 million in general obligation bonds for infrastructure and affordable housing projects if approved by the voters at the November 8, 2016 election. Bonds shall include future issues of general obligation bonds for affordable housing projects and/or infrastructure projects that are identified by the City as issued pursuant to this Chapter, including but not limited to any refunding bonds.

    "Chapter" means this Chapter 4.54 of the Oakland Municipal Code, as amended from time to time in accordance herewith.

    "Charter" means the Charter of the City of Oakland, as amended from time to time.

    "City" means the City of Oakland, California, a chartered city in the State existing under and exercising powers pursuant to the Charter and the Constitution of the State.

    "Council" means the City Council of the City.

    "Infrastructure Project" means any acquisition or improvement of real property, determined by the City to be in furtherance of a public purpose.

    "Issuing instrument" means the bond ordinance of the Council adopted pursuant to this Chapter and any resolution, fiscal agent agreement, indenture, trust agreement or other written instrument pursuant to which the City issues bonds.

    "State" means the State of California.

(Ord. No. 13403, § 2, 11-29-2016)