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 2024A, in an aggregate principal amount of $38,060,000 (which amount may be increased by an amount of up to ten percent (10%) or decreased by an unlimited amount) and (ii) Various Purpose General Obligation refunding bonds, Series 2024B, in an aggregate principal amount of $7,720,000 (which amount may be increased or decreased by an amount of up to ten percent (10%). [Dept. of Finance, Hensley]
Summary
Authorization to approve advertisement of bids and distribution of a Preliminary Official Statement, for the purchase of the principal amount of its Various Purpose General Obligation Bonds, Series 2024A in an aggregate principal amount not to exceed $38,060,000 and the Various Purpose General Obligation Refunding Bonds, Series 2024B in an aggregate principal amount not to exceed $7,720,000. Costs are included in the issuance of the bonds. (L0217-24) (Hensley)
Budgetary Implications: No
Advance Document Review:
Law: Yes, Completed by David Barberie, February 12, 2024
Risk Management: No
Fully Budgeted: Cost is included in the issuance of the bonds per the Ordinance authorizing the sale of the bonds.
Account Number: 1101-141401-1680-78402
This Fiscal Year Impact: $0
Annual Impact: $0
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) Phoenix Park development, radio replacement, new firetrucks and other fire safety related projects, new police cars, road construction and improvements, road resurfacing, road maintenance, road upgrades, stre...
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