Title
A Resolution of the Lexington-Fayette Urban County Government approving the issuance in one or more series by the County of Clark, Ky. of its County Health Facilities Revenue Bonds (Sayre Christian Village Nursing Home, Inc. Project) Series 2013 in an amount not to exceed $15,750,000 in the aggregate (collectively, the "Bonds"), and the use of the proceeds thereof to assist Sayre Christian Village Nursing Home, Inc. ("Sayre") to refinance a line of credit and a term loan from Central Bank & Trust Co., the proceeds of which were used to finance and refinance the costs of the construction and equipping of a facility for the care of the aged and infirm located at 3840 Camelot Dr., Lexington, Ky.; and to pay costs of issuance. [Mayor's Office, Atkins] PUBLIC HEARING
Summary
Authorization to adopt a resolution supporting Sayre Christian Village Nursing Home's County Health Facilities Revenue Bonds application. (L1230-13) (Atkins)
This is a request to adopt a resolution supporting Sayre Christian Village Nursing Home's County Health Facilities Revenue Bonds application in the aggregate amount of $17,500,000 for the purpose of refinancing a line of credit and a term loan with Central Bank & Trust Company. LFUCG will incur no expenses related to this action.
Budgetary Implications: NO
Advance Document Review: Law/Risk Management
Fully Budgeted: Yes/No/Partial
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
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Body
WHEREAS, the County of Clark, Kentucky (the "County of Clark"), pursuant to the provisions of Section 103.200 to 103.285, inclusive, of the Kentucky Revised Statutes, as amended (the "Act"), proposes to issue in one or more series its County Health Facilities Revenue Bonds (Sayre Christian Village Nursing Home, Inc. Project), Series 2013 in an amount not to exceed $15,750,000 in the aggregate (collectively, the "Bonds") for the benefit of Sayre Christian Village N...
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