Title
Ordinance of the Council of the Lexington-Fayette Urban County Government authorizing and approving the execution and delivery of a Third 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 reissuance of an amount not to exceed $8,000,000 in aggregate principal amount of Lexington-Fayette Urban County Airport Board Variable Rate General Airport Revenue Refunding Bonds, 2009 Series B (Lexington-Fayette Urban County Government General Obligation) (Non-AMT) all for the purpose of currently refunding all 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 execute a Third Supplemental Lease Agreement with the Lexington-Fayette Urban County Airport Board relating to the reissuance of an amount not to exceed $24,420,000 in aggregate principal for refunding all of the Series 2009 B & C outstanding variable rate bonds. (L1090-12) (Driskell)
This is a request to execute a Third Supplemental Lease Agreement with the Lexington-Fayette Urban County Airport Board relating to the reissuance of an amount not to exceed $24,420,000 in aggregate principal for refunding all of the Series 2009 B & C outstanding variable rate bonds.
Budgetary Implications: Yes
Advance Document Review: Law
Fully Budgeted: Yes
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, the Lexington-Fayette Urban County Airport Board (the "Board") has previously issued its (i) $46,395,000 Variable Rate General Airport Revenue and Revenue Refunding Bonds, 2008 Series A (Lexington-Fayette Urban County Government General Obligation) (AMT) (the "2008 Series A Bonds," ...
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