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 (I) Various Purpose General Obligation Bonds, Series 2013A in an amount not exceed $14,000,000; and (II) Various Purpose General Obligation Refunding Bonds, Series 2013B in a principal amount not to exceed $10,000,000. [Council Office, Maynard]
Body
WHEREAS, the Lexington-Fayette Urban County Government has previously determined the necessity of financing various street and highway improvements including the rehabilitation and paving of existing roads and streets throughout Lexington, Fayette County, Kentucky (collectively, the "Project"); and
WHEREAS, the Lexington-Fayette Urban County Government has determined to proceed with the advertisement of bids for the purchase of its Various Purpose General Obligation Bonds, Series 2013A (the "Series 2013A Bonds") in the principal amount not to exceed $14,000,000, in order to provide funds to (i) improve various streets and highways including the rehabilitation and paving of existing roads and streets throughout Lexington, Fayette County, Kentucky, and (ii) pay the costs of issuing the Series 2013A Bonds.
WHEREAS, the Lexington-Fayette Urban County Government, heretofore issued its $9,640,000 Lexington-Fayette Urban County Government General Obligation Bonds (Day Treatment Center, Multi-Use Facility and Expansion Area Boulevard Projects), Series 2004C (the "Series 2004C Prior Bonds,"), the proceeds of which were used to finance the (i) acquisition, construction and equipping of a day treatment facility, (ii) acquisition, renovation and equipping of a multi-use facility and (iii) acquisition of rights of way and construction of road improvements (the "Series 2004C Project"); and
WHEREAS, the Lexington-Fayette Urban County Government, heretofore issued its $4,490,000 Lexington-Fayette Urban County Government Gen...
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