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) of Taxable General Obligation Bonds, Series 2016A (Historic Courthouse Project), in an aggregate principal amount of $22,000,000 (which amount may be increased or decreased by an amount of up to ten percent (10%)); and (ii) Tax-Exempt Various Purpose General Obligation Bonds, Series 2016B in an aggregate principal amount of $10,000,000 (which amount may be increased by an amount of up to ten percent (10%)). [Dept. of Finance, O'Mara]
Summary
Authorization of Advertisement for Bids as well as the distribution of a Preliminary Official Statement for the purchase of the principal amount of the Historic Courthouse Project Taxable General Obligation, series 2016A in an amount of $22,000,000.00 and the Tax Exempt Various Purpose General Obligation Bonds, series 2016B in the amount of $10,000,000. The cost is included in the Issuance of the Bonds per the Ordinance authorizing the sale of the bonds. (L0504-16) (O'Mara)
Budgetary Implications [select]: NO
Advance Document Review:
Law: {Yes - Completed by [Attorney Name, Date]}
Risk Management: {No}
Fully Budgeted [select]: N/A
Account Number: N/A
This Fiscal Year Impact: N/A
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, the Lexington-Fayette Urban County Government has previously determined it to be in the public interest to restore, rehabilitate and adaptively re-use the historic Fayette County Courthouse (the "Historic Courthouse Project") located at 215 West Main Street in downtown Lexington, Fayette County, Kentucky which Historic Courthouse Project will help preserve the history and architecture of Lexington and Fayette County, enhance the economic development of downtown Lexington, assist in elimination of blight, and reinforce and...
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