Title
An Ordinance of Lexington-Fayette Urban County Government authorizing the issuance of Lexington-Fayette Urban County Government Various Purpose General Obligation Refunding Bonds, Series 2015A, in one or more subseries, in an aggregate principal amount not to exceed $85,000,000, for the purpose of refunding (I) all or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government General Obligation Bonds, Series 2006C, (Development Rights Project); (II) all or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government General Obligation Bonds Public Projects Refunding Bonds, Series 2006D; (III) all or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government General Obligation Various Purpose Bonds Series 2009A; (IV) all or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government Taxable General Obligation Pension Funding Bonds, Series 2010D; and, (V) all or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government Various Purpose General Obligation Public Projects Bonds, Series 2010G (Federally Taxable - Recovery Zone Economic Development Bonds - Direct Payment To the Issuer); approving a form of Bond; authorizing designated officers to execute and deliver the Bonds; providing for the payment and security of the Bonds; creating a Bond Payment Fund and Escrow Funds; maintaining the heretofore established Sinking Fund; authorizing a Certificate of Award for the acceptance of the bid of the Bond purchaser for the purchase of the Series 2015A Bonds; authorizing an Escrow Trust Agreement; and repealing inconsistent ordinances. [Dept. of Finance, O'Mara]
Summary
Authorization to issue and sell Lexington Fayette Urban County Government Various Purpose General Obligation Refunding Bonds in an aggregate principal amount not to exceed $35,000,000. (L0243-15)(O'Mara)
This is a request to issue and sell Lexington Fayette Urban County Government Various Purpose General Obligation Refunding Bonds in an aggregate principal amount not to exceed $35,000,000. The refunding will include all or a portion of the following: Various Purpose General Obligation 2006C, General Obligation Public Project Refunding Bond 2006D, Various Purpose General Obligation 2009A and the Taxable General Obligation Pension Bond 2010D.
Budgetary Implications: Yes/NO
Advance Document Review: Law/Risk Management
Fully Budgeted: 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}