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 2026B, in an aggregate principal amount of $9,740,000 (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 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 2026B, in an aggregate principal amount of $9,740,000 (which amount may be increased by an amount of up to ten percent (10%) or decreased by an unlimited amount). Funds are budgeted. (L0700-26)(Hensley)
Budgetary Implications]: NO
Advance Document Review:
Law: Yes, Completed by Dave Barberie, July 29th,2026
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 departments within the Lexington-Fayette Urban County Government, including, but not limited to (i) road construction and improvements, road resurfacing, road maintenance, road upgrades, streetscapes and sidewalk improvements, public art and beautification projects, and various other improvements within departments of the Lexington-Fayette Urban County Government (collectively, the "Series 2026B Project") and (ii) paying certain costs related to the issuance of the Series 2026B Bonds.; and
WHEREAS, the Lexington-Fayette Urban County Government has determined to proceed with the advertisement of bi...
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