Title
A Resolution of the Lexington-Fayette Urban County Government authorizing the advertisement for bids and the distribution of a Preliminary Official Statement for the purchase of the principal amount of its (i) Various Purpose General Obligation Bonds, Series 2016C, in an aggregate Principal amount of $40,085,000 (which amount may be increased or decreased by an amount of up to ten percent (10%)); and (ii) General Obligation Refunding Bonds, series 2016D, in an aggregate Principal amount of $30,265,000 (which amount may be increased or decreased by an amount of up to ten percent (10%)). [Dept. of Finance, O'Mara]
Summary
Authorization to advertise bids and distribute of a Preliminary Official Statement for the purchase of the principal amount of its Various Purpose General Obligation Bonds, series 2016C in an aggregate Principle amount not to exceed 40,085,000(which may be increased or decreased by 10%) and GO Refunding bonds(Detention Center) which may not exceed 30,265,000(which may be increased or decreased by 10%). Department needs this action completed because: Required component of the Issuance of the FY 2017 GO2016C CIP Bonds and the GO Refunding 2016D Bonds. There will be no fiscal impact. (L0919-16)(O'Mara)
Budgetary Implications: No
Advance Document Review:
Law: Yes, Completed by Bond Counsel
Risk Management:
Fully Budgeted:
Account Number:
This Fiscal Year Impact: $0
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, the Lexington-Fayette Urban County Government has previously determined the necessity of financing the acquisition of various projects for departments within the Lexington-Fayette Urban County Government, including, but not limited to, (i) the construction, installation and equipping of a new fire station, software system upgrades, safety operations and other safety related projects, road resurfacing, road maintenance, road upgrades, street scapes and sidewalk improvements, renovat...
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