Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Letter Agreement with American Municipal Tax-Exempt Compliance Corp. (AMTEC) for Arbitrage Rebate Computation for General Obligation Bonds, at a cost estimated not to exceed $5,700. [Div. of Revenue, O'Mara]
Summary
Authorization to execute Arbitrage Rebate Computation Proposal with AMTEC for LFUCG General Obligation Bonds. (L0183-14) (O'Mara)
This is a request to execute Arbitrage Rebate Computation Proposal with AMTEC for LFUCG General Obligation Bonds. The amount for continuation of rate computations that is due before FY 2014 year end is $5,700. Funds are budgeted.
Budgetary Implications: Yes
Advance Document Review: Law
Fully Budgeted: Yes
Account Number: 1101 202101 2011 71202
This Fiscal Year Impact: $ 5,700.00
Annual Impact:
Project:
Activity:
Budget Reference:
Current Balance: $26,511.25
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Urban County Government, be and hereby is authorized to execute the letter agreement, which is attached hereto and incorporated herein by reference, with American Municipal Tax-Exempt Compliance Corporation (AMTEC) for Arbitrage Rebate Computation for General Obligation Bonds.
Section 2 - That an amount, estimated not to exceed the sum of $5,700.00, be and hereby is approved for payment to American Municipal Tax-Exempt Compliance Corporation (AMTEC), from account #1101-202101-71202, pursuant to the terms of the agreement.
Section 3 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
______________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL