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 Various Purpose General Obligation Bonds, Series 2020, in an aggregate principal amount of $8,000,000 (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 purpose of the principal amount of its Various Purpose General Obligation Bonds, Series 2020A in an aggregate Principle amount not to exceed $8,000,000 (which may be increased by 10%). Funds are budgeted. (L0741-20) (O'Mara)
Budgetary Implications: Yes, 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 Evan Thompson, 08/03/20.
Risk Management: No
Fully Budgeted: Yes
Account Number: 1101-141401-1680-78402
This Fiscal Year Impact: $0, the cost is included in the issuance of the bonds per the Ordinance authorizing the sale of the bonds.
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 new police equipment, new police cars, road resurfacing, road maintenance, road upgrades, streetscapes and sidewalk improvements, renovations, repairs and upgrades related to public buildings and various other improvements within departments of the Lexington-Fayette Urban County Government (collectively, the "Series 2020 Project"); and
WHEREAS, the Lexington-Fayette Urban County Government has determined to proceed with the adverti...
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