Title
Ordinance of the Council of the Lexington-Fayette Urban County Government authorizing and approving the execution and delivery of a Fourth Supplemental Lease Agreement between the Lexington-Fayette Urban County Airport Board as the lessor and the Lexington-Fayette Urban County Government as the lessee in connection with the issuance of the Lexington-Fayette Urban County Airport Board General Airport Revenue Obligation, 2014 Series A (Revolving Credit Note) (Lexington- Fayette Urban County Government General Obligation), evidencing a Line of Credit Agreement by and between the Lexington-Fayette Urban County Airport Board and Branch Banking and Trust Co., in a maximum aggregate principal amount not to exceed $10,000,000, for the purpose of providing interim financing for certain airport facilities at the Blue Grass Airport in Fayette County, Ky. [Mayor's Office, Atkins]
Summary
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Body
WHEREAS, the Lexington-Fayette Urban County Airport Board (the "Board") seeks to provide interim financing to install safety enhancements requiring the reconfiguration of multiple taxiway intersections and meet current Federal Aviation Administration taxiway design standards, including: (a) construction of a new approximately 54,000 square foot maintenance facility, which will include a maintenance garage, offices, a warehouse, and storage for snow removal and field maintenance equipment; (b) movement of approximately 500,000 cubic yards of fill material to allow construction of Taxiway D and a new Aircraft Rescue and Firefighting Facility; (c) construction of the new approximately 27,000 square foot Aircraft Rescue and Firefighting Facility, which will include offices, housing for officers, training rooms, and storage of public safety vehicles; (d) realignment of Taxiway A and Taxiway C and the construction of Taxiway D; and (e) realignment of the northernmost section of Taxiway A (collectively, the "2014 Project"), at the Blue Grass Airport, L...
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