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 2026A, in an aggregate principal amount of $18,040,000 (which amount may be increased by an amount of up to ten percent (10%) or decreased by an unlimited amount). [Dept. of Finance, Hensley]
Summary
Authorization to approve the Sale and Issuance of the Lexington-Fayette Urban County Government Various Purpose General Obligation, Series 2026A in an aggregate principal amount of $18,040,000 (which May be increased by 10%). Funds are Budgeted. (L0003-26)(Hensley)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by David Barberie, December 18, 2025
Risk Management: No
Fully Budgeted: Yes
Account Number: 1101-141401-1680-78402
This Fiscal Year Impact: $1,671,480.00
Annual Impact: $2,382,000.00 annually for 10 years.
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) fire training academy facility design, fire equipment including turnout gear and personal protective equipment, EMS replacement equipment, Americans with Disabilities Act (ADA) ramps, new general government vehicle acquisitions, road construction and improvements, road resurfacing, road maintenance, road upgrades, streetscapes and sidewalk improvements, public art and beautification projects, street and road snow truck replacements and winter shelter infrastructure renovations and various other improvements within departments of the Lexington-Fayette Urban County Government (collectively, the "Series 2026A Project") and (ii) paying certain costs relate...
Click here for full text