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File #: 0514-21    Version: 1 Name: Industrial Revenue Bond Astana
Type: Resolution Status: Approved
File created: 5/14/2021 In control: Urban County Council
On agenda: 6/24/2021 Final action: 6/24/2021
Enactment date: 6/24/2021 Enactment #: R-332-2021
Title: A Resolution of the Lexington-Fayette Urban County Government, giving preliminary approval of an Industrial Revenue Bond Financing for Astana LLC, and any affiliates or assignees thereof; authorizing initiation of the acquisition, construction, equipping, and installation of an Industrial Project; agreeing to undertake the issuance of one or more Series of Industrial Revenue Bonds at the appropriate time or times; authorizing the execution and delivery of a Memorandum of Agreement and payment in lieu of taxes Agreements in connection with the issuance of the Bonds; and taking other preliminary actions. (Public Hearing on June 24, 2021, 6 p.m.) [Mayor's Office, Bencz]
Attachments: 1. bluesheet memo - IRB app v 2, 2. Inducemen Reso (5-7), 3. (00729667xAFB4D).pdf, 4. 00731552.pdf, 5. 00731592.PDF, 6. R-332-2021, 7. Contract #113-2021

Title

A Resolution of the Lexington-Fayette Urban County Government, giving preliminary approval of an Industrial Revenue Bond Financing for Astana LLC, and any affiliates or assignees thereof; authorizing initiation of the acquisition, construction, equipping, and installation of an Industrial Project; agreeing to undertake the issuance of one or more Series of Industrial Revenue Bonds at the appropriate time or times; authorizing the execution and delivery of a Memorandum of Agreement and payment in lieu of taxes Agreements in connection with the issuance of the Bonds; and taking other preliminary actions. (Public Hearing on June 24, 2021, 6 p.m.) [Mayor's Office, Bencz]

Summary

Authorization for the issuance of Industrial Revenue Bonds for Astana, LLC for the Speigle Heights Redevelopment Project, a 2.35 acre site located at 903 (in part), 904, 910, 922, 926, 930, and 941 Manchester Street and 962 and 964 Tarr Trace. (0514-21) (Bencz/Atkins)

Budgetary Implications [select]: NO

Advance Document Review:

Law: { Select Yes, Completed by [David Barberie, 5/14/2021]}

Risk Management:  {Select Yes/No, Completed by [Official, Date]}

Fully Budgeted [select]: N/A

Account Number:                     N/A

This Fiscal Year Impact:                     $N/A

Annual Impact:                      $N/A

Project:

Activity:

Budget Reference:

Current Balance:

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