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 2024b, in an aggregate principal amount of $46,250,000 (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 advertisement for bids and the distribution of a Preliminary Official Statement, for the purchase of the Lexington-Fayette Urban County Government Various Purpose General Obligation Bonds, Series 2024B in an aggregate principal amount of $46,250,000 (which May be increased by 10%). Costs are included in the issuance of the bonds. (L0950-24) (Hensley)
Budgetary Implications: No
Advance Document Review:
Law: Yes, Completed by David Barberie, September 17, 2024
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: 1101-141401-1680-78402
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 dept.s within the Lexington-Fayette Urban County Government, including, but not limited to (i) a new senior and therapeutic center, Jacobson Park trail improvements, paving data collection, radar trailers, new Police cars, Rd. construction and improvements, Rd. resurfacing, Rd. maintenance, Rd. upgrades, streetscapes and sidewalk improvements, public art and beautification projects, renovations, repairs and upgrades related to public buildings, vehicle acquisitions, and various other improvements within dept.s of the Lexington-Fayette Urban County Government, (II) providing funding for a Program...
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