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An Ordinance of the Lexington-Fayette Urban County Government authorizing the issuance of its Various Purpose General Obligation Bonds, Series 2026A, in one or more subseries, in an aggregate principal amount of $18,040,000 (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 2026A Bonds; authorizing designated officers to execute and deliver the Series 2026A bonds; authorizing and directing the filing of notice with the State Local Debt Officer; providing for the payment and security of the Series 2026A Bonds; maintaining a sinking fund; creating a bond payment fund for the Series 2026A Bonds; authorizing acceptance of the bid(s) of the bond purchaser of the Series 2026A Bonds; and repealing inconsistent ordinances. [Dept. of Finance, Hensley]
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WHEREAS, the Lexington-Fayette Urban County Government has previously determined the necessity of financing the acquisition of various projects for departments within the Lexington-Fayette Urban County Government, including, but not limited to (i) fire training academy facility design, fire equipment including turnout gear and personal protective equipment, EMS replacement equipment, Americans with Disabilities Act (ADA) ramps, new general government vehicle acquisitions, road construction and improvements, road resurfacing, road maintenance, road upgrades, streetscapes and sidewalk improvements, public art and beautification projects, street and roads snow truck replacements and winter shelter infrastructure renovations and various other improvements within departments of the Lexington-Fayette Urban County Government (collectively, the "Series 2026A Project"), and (ii) paying certain costs related to the issuance of the Series 2026A Bonds; and
WHEREAS, pursuant to the Constitution and laws of the Commonwealth of Kentucky, and particularly KRS 66.011 et. seq. (the "Act"), an urban county government may issue bonds, subject t...
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