Lexington-Fayette Urban County Government - File #: 0931-13

• File #: 0931-13
• Version: 1
• Name: General Obligation Refunding Bonds Series 2013D
• Type: Ordinance
• Status: Approved
• File created: 8/22/2013
• In control: Urban County Council
• On agenda: 9/12/2013
• Final action: 9/12/2013
• Enactment date: 9/12/2013
• Enactment #: O-108-2013
• Title: An Ordinance of Lexington-Fayette Urban County Government authorizing the issuance of Lexington-Fayette Urban County Government Various Purpose General Obligation Refunding Bonds, Series 2013D, in one or more subseries, in an aggregate principal amount not to exceed $80,000,000, for the purpose of refunding (I) All or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government Taxable General Obligation Public Project Bonds, Series 2010A (Build America Bonds - Direct Pay) dated February 17, 2010; (II) All or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government Various Purpose General Obligation Public Projects Bonds, Series 2010F (Federally Taxable - Build America Bonds - Direct Payment to the Issuer), dated December 28, 2010; and (III) All or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government Various Purpose General Obligation Public Projects Bonds, Series 2010G (Federally Taxa...

Date	Ver.	Action By	Action	Result
9/12/2013	1	Urban County Council	Approved	Pass
8/29/2013	1	Urban County Council	Received First Reading
8/27/2013	1	Urban County Council Work Session	Approved and Referred to Docket	Pass

Title
An Ordinance of Lexington-Fayette Urban County Government authorizing the issuance of Lexington-Fayette Urban County Government Various Purpose General Obligation Refunding Bonds, Series 2013D, in one or more subseries, in an aggregate principal amount not to exceed $80,000,000, for the purpose of refunding (I) All or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government Taxable General Obligation Public Project Bonds, Series 2010A (Build America Bonds - Direct Pay) dated February 17, 2010; (II) All or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government Various Purpose General Obligation Public Projects Bonds, Series 2010F (Federally Taxable - Build America Bonds - Direct Payment to the Issuer), dated December 28, 2010; and (III) All or a portion of the outstanding principal amount of Lexington-Fayette Urban County Government Various Purpose General Obligation Public Projects Bonds, Series 2010G (Federally Taxable-Recovery Zone Economic Development Bonds-Direct Payment to the Issuer), dated December 28, 2010; approving a form of Bond; authorizing designated officers to execute and deliver the Bonds; providing for the payment and security of the Bonds; creating a Bond Payment Fund and Escrow Funds; maintaining the heretofore established Sinking Fund; authorizing a Certificate of Award for the acceptance of the Bid of the Bond Purchaser for the purchase of the Series 2013D Refunding Bonds; authorizing an Escrow Trust Agreement; and repealing inconsistent ordinances. [Dept. of Finance, O'Mara]
Summary
Resolution and Ordinance authorizing the advertisement and issuance of the General Obligation Refunding Bonds Series 2013D not to exceed $80,000,000.00 for the purpose of refunding portions or all of the General Obligation Bonds Series 2010A(BAB), 2010(BAB) and 2010G(REZDB). The 2013D Bond Ordinance contains language to allow the Department of Finance the discretion to go to market ...