Title
Ordinance of the Council of the Lexington-Fayette Urban County Government (1) Authorizing and approving the execution and delivery of a Second Supplemental Lease Agreement between the Lexington-Fayette Urban County Airport Board as the Lessor and the Lexington-Fayette Urban County Government as the Lessee relating to the issuance and sale of an amount not to exceed $25,000,000 in aggregate principal amount of (a) Lexington-Fayette Urban County Airport Board General Airport Revenue Refunding Bonds, 2012 Series A (Lexington-Fayette Urban County Government General Obligation) (AMT); and (b) Lexington-Fayette Urban County Airport Board General Airport Revenue Refunding Bonds, 2012 Series B (Lexington-Fayette Urban County Government General Obligation) (Non-AMT), all for the purpose of refunding (i) All of the Board's outstanding $26,235,000 Variable Rate General Airport Revenue and Revenue Refunding Bonds, 2008 Series B (Lexington-Fayette Urban County Government General Obligation) (Non-AMT) and (ii) A portion of the Board's outstanding $16,420,000 Variable Rate General Airport Revenue Refunding Bonds, 2009 Series B (Lexington-Fayette Urban County Government General Obligation) (Non-AMT), at the Blue Grass Airport in Fayette County, Ky. [Dept. of Finance, Driskell]
Summary
Authorization to approve the execution and delivery of a second supplemental lease agreement with the Lexington-Fayette Urban County Airport Board relating to the issuance and sale of Airport Revenue Refunding Bonds, Series 2012. (L1005-12) (Driskell)
This is a request to approve the execution and delivery of a second supplemental lease agreement with the Lexington-Fayette Urban County Airport Board relating to the issuance and sale of Airport Revenue Refunding Bonds, Series 2012, of an amount not to exceed $25,000,000. There is no budgetary impact.
Budgetary Implications: NO
Advance Document Review: Law/Risk Management
Fully Budgeted:
Account Number:
This Fiscal Year Impact: $
Annual ...
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