Title
Ordinance of the Council of the Lexington-Fayette Urban County Government authorizing and approving the execution of a Tenth Supplemental Lease Agreement between the Lexington-Fayette Urban County Airport Board as the lessor and the Lexington-Fayette Urban County Government as the lessee in connection with the issuance of a Line of Credit Agreement dated as of December 10, 2025, by and between Lexington-Fayette Urban County Airport Board and Pinnacle Bank with respect to (i) Lexington-Fayette Urban County Airport Board General Airport Revenue Obligation, 2025 Series A (Credit Note) (Lexington- Fayette Urban County Government General Obligation), pursuant to a 2025a Credit Note in a maximum aggregate principal amount not to exceed $25,000,000, for the purpose of providing interim financing for certain airport facilities at the Blue Grass Airport in Fayette County, Ky. and (II) Lexington-Fayette Urban County Airport Board General Airport Revenue Obligation, 2025 Series B (Credit Note) (Federally Taxable) (Lexington- Fayette Urban County Government General Obligation), pursuant to a 2025b Credit Note in a maximum aggregate principal amount not to exceed $40,000,000 for the purpose of providing interim financing for certain airport facilities at the Blue Grass Airport in Fayette County, Ky. [Council Office, Hall]
Summary
Authorization to approve the execution and delivery of a 10th supplemental lease Agreement with the Lexington-Fayette Urban County Airport Board in connection with the issuance of the Lexington-Fayette Urban County Airport Board 2025 Series A (up to $25,000,000) and Series B (up to $40,000,000) Credit notes. No Budgetary impact. (L1077-25)(Hensley)
Budgetary Implications: No
Advance Document Review:
Law: Yes, Completed by David Barberie, November 10, 2025
Risk Management: No
Fully Budgeted: N/A (Payments are financed with Airport Revenues.)
Account Number: N/A
This Fiscal Year Impact: None (Payments are financed with Airport Revenues)
Annu...
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