Title
An Ordinance of Lexington-Fayette Urban County Government (i) authorizing the issuance and sale of Sewer System Revenue Refunding Bonds, Series 2014A in an aggregate principal amount not to exceed $32,000,000 for the purpose of currently refunding the Series 2009 Bonds, (ii) authorizing the issuance and sale of Sewer System Revenue Refunding Bonds, Series 2014B in an aggregate principal amount not to exceed $13,000,000 for the purpose of advance refunding the Series 2010 Bonds, (iii) funding the reserve account, (if any), and (iv) paying the costs of issuance of the Series 2014 Bonds; approving forms of the Series 2014 Bonds; authorizing the execution of a Trust Agreement (to secure such Series 2014 Bonds); authorizing the preparation and distribution of a Preliminary and Final Official Statement; authorizing the execution of a Certificate of Award for the acceptance of the bid of the purchaser(s) for the purchase of the Series 2014 Bonds; authorizing the execution of an Escrow Agreement securing the refunded bonds; and authorizing the execution of additional documents, agreements and certificates necessary to effectuate the issuance of the Series 2014 Bonds. [Dept. of Finance, O'Mara]
Body
WHEREAS, the Lexington-Fayette Urban County Government, an urban county government of the Commonwealth of Kentucky pursuant to Chapter 67A of the Kentucky Revised Statutes (hereinafter called the "Issuer"), owns and operates as a public utility, more specifically, a sanitary sewer system (hereinafter sometimes called the "Sewer System"), pursuant to the provisions of the Act (as defined herein), the services of which are, and are to be, supplied to persons and corporations within the jurisdiction of the Sewer System and such Sewer System constitutes a revenue-producing public project; and
WHEREAS, under the provisions of the Act (as defined herein), the Issuer is authorized to issue sewer system revenue bonds to provide necessary funding for the publi...
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