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