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 2017A, in an aggregate principal amount of $34,790,000 (which amount may be increased by an amount of up to ten percent (10%)); and (II) Taxable General Obligation Pension Funding Refunding Bonds, Series 2017B, in an aggregate principal amount of $22,560,000 (which amount may be increased by an amount of up to ten percent (10%)). [Dept. of Finance, O'Mara]
Summary
Authorization for a Resolution advertising for bids for as well as the distribution of a Preliminary Official Statement for the purchase of the principal amount of its Various Purpose General Obligation Bonds, series 2017A in an aggregate principal amount of $34,790,000 which May be increased by an amount up to 10% and the Taxable General Obligation Pension Refunding Bonds, Series 2017B in an aggregate principal amount of $22,560,000. Required component of the Issuance of the FY 2018 GO 2017A CIP Bonds and the Taxable GO Pension refunding Bonds 2017B. The bond issuances will result in debt service. There is no fiscal impact for this Resolution. (L0874-17)(O'Mara)
Budgetary Implications [select]: NO
Advance Document Review:
Law: {Yes/, Completed by [Attorney Barberie, Date]}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: Yes
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 Dept.s within the Lexington-Fayette Urban County Government, including, but not limited to, (i) the construction, installation, renovations, repairs and upgrades and equipping of Fire stations, softwar...
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