Title
An Ordinance of the Lexington-Fayette Urban County Government authorizing the issuance of its various purpose General Obligation Bonds, Series 2023A, in one or more subseries, in an aggregate principal amount of $38,500,000 (which amount may be increased by an amount of up to ten percent (10%) or decreased by an unlimited amount); approving a form of Series 2023A Bonds; authorizing designated Officers to execute and deliver the Series 2023A Bonds; authorizing and directing the filing of notice with the State Local Debt Officer; providing for the payment and security of the series 2023A bonds; maintaining a Sinking Fund; creating a Bond Payment Fund for the Series 2023A bonds; authorizing acceptance of the bid(s) of the Bond Purchaser of the Series 2023A bonds; and repealing inconsistent Ordinances. [Dept. of Finance, Hensley]
Summary
Authorization to approve the Sale and Issuance of the Lexington-Fayette Urban County Government Various Purpose General Obligation, Series 2023A in an aggregate principal amount not to exceed $38,500,000 (which May be increased by 10%). Funds are Budgeted. (L0655-23) (Hensley)
Budgetary Implications: Yes
Advance Document Review:
Law: Yes, Completed by David Barberie, June 14, 2023
Risk Management: No
Fully Budgeted: Yes
Account Number: 1101-141401-1680-78402
This Fiscal Year Impact: $4,664,000 in Debt Service
Annual Impact: $3,200,000 yearly Debt Service for 10 years
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREOF, the Lexington-Fayette Urban County Government has caused this Series 2023A Bond to be signed either manually or by facsimile in its name by its Mayor and duly attested either manually or by facsimile by its Urban County Council Clerk and an impression or facsimile of the Lexington-Fayette Urban County Government's seal to be imprinted hereon, as of the date set forth above.
LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT
By:
Linda Gorton
Mayor
(SEAL)
Attest:
By:
Abigail Allan
Clerk of t...
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