Title
An Ordinance of the Lexington-Fayette Urban County Government, authorizing the issuance of three series of Industrial Revenue Bonds having a combined aggregate principal amount of up to $39,000,000 and designated the Lexington-Fayette Urban County Government, Kentucky, Industrial Building Revenue Bonds, Series 2022a (Speigle Heights Redevelopment Project - Astana), the Lexington-Fayette Urban County Government, Kentucky, Industrial Building Revenue Bonds, Series 2022b (Speigle Heights Redevelopment Project - New Circle), and the Lexington-Fayette Urban County Government, Kentucky, Industrial Building Revenue Bonds, Series 2022c (Speigle Heights Redevelopment Project - New Octagon), for the purpose of financing an industrial building project; approving and authorizing the execution and delivery of (a) a Lease Agreement between the Urban County Government, as lessor, and Astana LLC, as lessee, (b) a Lease Agreement between the Urban County Government, as lessor, and New Circle Investments LLC, as lessee, (c) a Lease Agreement between the Urban County Government, as lessor, and New Octagon Limited Liability Company, as lessee, (d) separate bond purchase agreements providing for the issuance, sale, and delivery of each series of the bonds and providing for their negotiated sale, and (e) other related documents; and taking other related actions. [Mayor's Office, Atkins]
Summary
Authorization to adopt an ordinance allowing the issuance of three series of Industrial Revenue Bonds (IRB) from the Lexington-Fayette Urban County Government in the approximate principal amount of $39,050,000 to finance the Speigle Heights Redevelopment Project, an industrial building project preliminarily approved per Resolution No. 332-21. No budgetary impact. (L0597-22) (Atkins)
Budgetary Implications: No
Advance Document Review:
Law: { Yes, Completed by David Barberie, 6/6/2022}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted: N/A
Account Number: N...
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