Title
A Resolution of the Lexington-Fayette Urban County Government authorizing and acknowledging the execution and delivery of (1) a Fifth Amendment to Bond Purchase and Loan Agreement among the Lexington-Fayette Urban County Government, Central Bank & Trust Co., a Ky. Banking Corporation, and the Lexington Christian Academy, Inc. and (2) any and all other related documents necessary thereto. [Mayor's Office, Atkins]
Summary
Authorization to approve Fifth Amendment to the Bond Purchase and Loan Agreement for Lexington Christian Academy's previous Industrial Revenue Bond issuance that will also authorize an Amended and Restated Note and an Amended and Restated Bond reflecting the new interest rate and prepayment provision. (L0820-14)(Atkins)
This is a request to approve Fifth Amendment to the Bond Purchase and Loan Agreement for Lexington Christian Academy's previous Industrial Revenue Bond issuance that will also authorize an Amended and Restated Note and an Amended and Restated Bond reflecting the new interest rate and prepayment provision. There are no costs or liability to Lexington-Fayette Urban County Government as result of this action.
Budgetary Implications: NO
Advance Document Review: Law/Risk Management
Fully Budgeted: No
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This Fiscal Year Impact: $
Annual Impact: $
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Body
A. The Lexington-Fayette Urban County Government, an urban county government of the Commonwealth of Kentucky pursuant to Chapter 67A of the Kentucky Revised Statutes (the "Urban County Government" or the "Issuer"), is authorized by the Industrial Buildings for Cities and Counties Act, as amended, Sections 103.200 to 103.285 of the Kentucky Revised Statutes (the "Act"), to issue industrial building revenue bonds and to loan the proceeds thereof to any person to finance the cost of any "industrial building" (as defined in the Act), including specifically land, buildings, improvements, equ...
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