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 its Sewer System Revenue Bonds, Series 2019, in an aggregate principal amount of $65,000,000 (which amount may be increased by an amount of up to ten percent (10%) or decreased by an unlimited amount). [Dept. of Finance, O'Mara]
Summary
Authorization to Approve Advertisement of Bids, as well as distribution of a Preliminary Official Statement, for the purchase of the Sewer System Revenue and Refunding Bonds, Series 2019A in an aggregate principle amount of $65,000,000 (which may increase by an amount of up to 10%) [L0973-19] (O'Mara)
Budgetary Implications: NO. The cost is included in the issuance of the bonds per the Ordinance Authorizing the sale of the bonds.
Advance Document Review:
Law: Yes, Completed by Dave Barberie, 09/09/2019
Risk Management: No
Fully Budgeted: Yes
Account Number: 4002-141401-1869-78401
This Fiscal Year Impact: None
Annual Impact: None
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, the Lexington-Fayette Urban County Government has previously determined the necessity of financing improvements, additions or extensions to the Sewer System, including real estate and interests in real estate, buildings, structures, fixtures, and facilities and additions thereto, and machinery, equipment, furniture and other personal property, and/or other capital costs in connection with the acquisition or construction therewith, including but not limited to costs for designs, plans, and specifications (collectively, the "Improvements") by the issuance of Sewer System Revenue Bonds from time to time; and
WHEREAS, the Lexington-Fayette Urban County Government has determined to currently refund a loan from the Kentucky Infrastructure Authority pursuant to an Assistance Agreement by and between the Kentucky Infrastructure Authority an...
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