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File #: 0799-23    Version: 1 Name: Airport 9th Supplemental Lease Agreement
Type: Agenda Item Status: Removed From Docket
File created: 8/10/2023 In control: Finance
On agenda: 8/22/2023 Final action: 8/22/2023
Enactment date: Enactment #:
Title: Authorization to approve an Ordinance authorizing and approving the execution of a 9th Supplemental Lease Agreement between LFUCG and Lexington-Fayette Urban County Airport Board in connection with the issuance of the Series 2023A Credit Note between Lexington-Fayette Urban County Airport Board and Truist Bank. Payments are financed with Airport revenues. No budgetary impact for LFUCG. (L0799-23) (Hensley)
Attachments: 1. Memo FY23 Airport 9th supplemental Lease aggreement, 2. LFUCG Ordinance - (2023 Line of Credit Agreement) - LEXINGTON AIRPORT

Title

Authorization to approve an Ordinance authorizing and approving the execution of a 9th Supplemental Lease Agreement between LFUCG and Lexington-Fayette Urban County Airport Board in connection with the issuance of the Series 2023A Credit Note between Lexington-Fayette Urban County Airport Board and Truist Bank. Payments are financed with Airport revenues. No budgetary impact for LFUCG. (L0799-23) (Hensley)

Summary

Authorization to approve an Ordinance authorizing and approving the execution of a 9th Supplemental Lease Agreement between LFUCG and Lexington-Fayette Urban County Airport Board in connection with the issuance of the Series 2023A Credit Note between Lexington-Fayette Urban County Airport Board and Truist Bank. Payments are financed with Airport revenues. No budgetary impact for LFUCG. (L0799-23) (Hensley)

Budgetary Implications: No

Advance Document Review:

Law: Yes, Completed by Dave Barberie, August 2, 2023

Risk Management: No

Fully Budgeted: N/A

Account Number: N/A                     

This Fiscal Year Impact:                     $0 (Payments are financed with Airport Revenues.)

Annual Impact:                      $0 (Payments are financed with Airport Revenues.)

Project:

Activity:

Budget Reference:

Current Balance:

Body

{COUNCIL CLERK’S OFFICE WILL COMPLETE - Body of resolution or ordinance}