Title
Ordinance of the Council of the Lexington-Fayette Urban County Government authorizing and approving the execution and delivery of a Sixth Supplemental Lease Agreement between the Lexington-Fayette Urban County Airport Board as the lessor and the Lexington-Fayette Urban County Government as the lessee in connection with the issuance of the Lexington-Fayette Urban County Airport Board General Airport Revenue Obligation, 2018 series A (Credit Note) (Lexington-Fayette Urban County Government General Obligation), evidencing a line of credit Agreement by and between the Lexington-Fayette Urban County Airport Board and Branch Banking and Trust Co., in a maximum aggregate principal amount not to exceed $15,000,000, for the purpose of providing interim financing for certain airport facilities at the Blue Grass Airport in Fayette County, Ky. [Dept. of Finance, O'Mara]
Summary
Authorization to approve the execution and delivery of a sixth supplemental lease Agreement between the Lexington-Fayette Urban County Airport Board and LFUCG in connection with the issuance of the Lexington-Fayette Urban County Airport Board General Airport Revenue Obligation, 2018 Series A (Credit Note) in a maximum amount not to exceed $15,000,000. The Lexington-Fayette Urban County Airport Board seeks to provide interim financing for certain airport facilities at the Bluegrass Airport. There is no Budgetary impact to LFUCG. (L0880-18)(O’Mara)
Budgetary Implications [select]: NO
Advance Document Review:
Law: { No, Completed by [Attorney Name, Date]}
Fully Budgeted [select]: Yes/No/Partial
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of Resolution or Ordinance}