Title
A Resolution of the Lexington-Fayette Urban County Government authorizing the advertisement for bids and the distribution of a Preliminary Official Statement for the purchase of the principal amount of its various purpose General Obligation Bonds, Series 2023A, in an aggregate principal amount of $38,500,000 (which amount may be increased by an amount of up to ten percent (10%) or decreased by an unlimited amount). [Dept. of Finance, Hensley]
Summary
Authorization to approve advertisement for bids and the distribution of a Preliminary Official Statement for the purchase of the principal amount of its Various Purpose General Obligation Bonds, Series 2023A in an aggregate principal amount not to exceed $38,500,000 (which May be increased by 10%). Funds are Budgeted. (L0653-23) (Hensley)
Budgetary Implication]: NO
Advance Document Review:
Law: Yes, Completed by David Barberie, June 14, 2023
Risk Management: No
Fully Budgeted: Cost is included in the Issuance of the Bonds per the Ordinance authorizing the sale of the bonds.
Account Number: N/A
This Fiscal Year Impact: $0
Annual Impact: $0
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 dept.s within the Lexington-Fayette Urban County Government, including, but not limited to (i) city hall pre-development project phase II, Phoenix Park development, Douglass Park pool and bath house construction, radio replacement, new Firetrucks and other Fire safety related projects, new Police cars, Rd. construction and improvements, Rd. resurfacing, Rd. maintenance, Rd. upgrades, streetscapes and sidewalk improvements, public art and beautification projects, renovations, repairs and upgrades related to public buildings, vehicle acquisitions, and various other improvements within dept.s of the Lexington-Fayette Urban County Government, (II) providing fundi...
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