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 Sewer System Revenue Refunding Bonds, series 2014, in an amount not to exceed $45,000,000. [Dept. of Finance, O'Mara]
Summary
Authorization for the issuance and sale of Sewer System Revenue Refunding Bonds - Series 2014A in an aggregate principal amount not to exceed $32,000,000 for the purpose of currently refunding the series 2009 bonds; and authorizing the issuance and sale of Sewer System Revenue Refunding Bonds - Series 2014B in a aggregate principal amount not to exceed $13,000,000 for the purpose of advance refunding the series 2010 bonds. (L0912-14)(O'Mara)
This is a request to authorize the issuance and sale of Sewer System Revenue Refunding Bonds - Series 2014A in an aggregate principal amount not to exceed $32,000,000 for the purpose of currently refunding the series 2009 bonds; and authorizing the issuance and sale of Sewer System Revenue Refunding Bonds - Series 2014B in a aggregate principal amount not to exceed $13,000,000 for the purpose of advance refunding the series 2010 bonds. Funds are budgeted.
Budgetary Implications: Yes
Advance Document Review: Law
Fully Budgeted:
Account Number:
This Fiscal Year Impact: $45,000,000
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, the Lexington-Fayette Urban County Government, heretofore issued its Lexington-Fayette Urban County Government Taxable Sewer System Revenue Bonds, Series 2009 (Build America Bonds - Direct Pay), dated October 22, 2009, originally issued in the principal amount of $45,960,000 (the "Series 2009 Bonds"), authorized by Ordinance No. 221-2009, enacted by the Lexington-Fayette Urban County Council on October 15, 2009, authorizing the issuance of the Series 2009 Bonds for the purpose of financing certain im...
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