Title
An Ordinance of the Lexington-Fayette Urban County Government directing the Lexington-Fayette Urban County Government Public Facilities Corporation to take certain formal actions as the agency and instrumentality and as the Constituted Authority of the Lexington-Fayette Urban County Government; specifically directing, authorizing, and approving the issuance by said Lexington-Fayette Urban County Government Public Facilities Corporation of its Taxable Project Refunding Bonds, Series 2020 (Lexington-Fayette Urban County Government General Obligation), in the approximate principal amount of $34,000,000 (which amount may be increased or decreased by an amount of up to $3,400,000); authorizing a Ground Lease Agreement, a Lease Agreement and a Supplemental Lease Agreement to provide additional security for the Series 2020 Bonds; and authorizing other actions in connection therewith. [Dept. of Finance, O'Mara]
Summary
Authorization to approve an Ordinance of the Lexington-Fayette Urban County Government directing the Lexington-Fayette Urban County Government Public Facilities Corporation to take certain formal actions as the agency and instrumentality and as the constituted authority of the Lexington-Fayette Urban County Government; specifically directing, authorizing and approving the issuance by said Lexington-Fayette Urban County Government Public Facilities Corporation of its Lease Revenue Bonds, Series 2020. (Lexington Center Corporation-Lexington-Fayette Urban County Government General Obligation) (Federally Taxable) in the approximate principal amount of $34,000,000 (which amount may be increased or decreased by an amount up to $3,300,000 [authorizing a Lease Agreement [supplemental Lease Agreement to provide additional security for the Series 2020 bonds]; and authorizing other actions in connection therewith. [L0651-20] [O'Mara].
Advance Document Review:
Law: Yes, Completed by Dave Barberie, June 24, 2020
Risk Management: N/A
Fully Budgeted: N/A
Accoun...
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