Title
An Ordinance of the Lexington-Fayette Urban County Government authorizing the issuance of its Various Purpose General Obligation Bonds, Series 2026B, in one or more subseries, in an aggregate principal amount of $9,740,000 (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 2026B Bonds; authorizing designated officers to execute and deliver the Series 2026B Bonds; authorizing and directing the filing of notice with the State Local Debt Officer; providing for the payment and security of the Series 2026B Bonds; maintaining a Sinking Fund; creating a Bond Payment Fund for the Series 2026B Bonds; authorizing acceptance of the bid(s) of the bond purchaser of the Series 2026B Bonds; and repealing inconsistent ordinances. [Dept. of Finance, Hensley]
Summary
Authorization to approve the Sale and Issuance of the Lexington-Fayette Urban County Government Various Purpose General Obligation, Series 2026B in an aggregate principal amount not to exceed $9,740,000 (which may be increased by 10%). The anticipated debt service cost for FY 2027 is approximately $1,423,775. Funds are budgeted. (L0699-26)(Hensley)
Budgetary Implications [select]: Yes
Advance Document Review:
Law: { Select Yes/No, Completed by [Yes, Completed by Dave Barberie, July 29th,2026]}
Risk Management: No
Fully Budgeted: Yes
Account Number: 1101-141401-1680-78402
This Fiscal Year Impact: $1,423,775
Annual Impact: $1,186,675 yearly Debt Service for 10 years
Project:
Activity:
Budget Reference:
Current Balance:
Body
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) road construction and improvements, road resurfacing, road maintenance, road upgrades, streetscapes and sidewalk improvements, public art and ...
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