Lexington-Fayette Urban County Government - File #: 1031-15

• File #: 1031-15
• Version: 1
• Name: Resolution to advertise bids for GO 2015B
• Type: Resolution
• Status: Approved
• File created: 8/13/2015
• In control: Mayor's Office
• On agenda: 8/27/2015
• Final action: 8/27/2015
• Enactment date: 8/27/2015
• Enactment #: R-532-2015
• 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 Various Purpose General Obligation Bonds, Series 2015B in a principal amount not to exceed $33,000,000. [Office of the Chief Administrative Officer, Hamilton]

Date	Ver.	Action By	Action	Result
8/27/2015	1	Urban County Council	Received First Reading
8/27/2015	1	Urban County Council	Approved	Pass
8/27/2015	1	Urban County Council	Suspended Rules for Second Reading	Pass
8/25/2015	1	Urban County Council Work Session	Approved and Referred to Docket	Pass

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 Various Purpose General Obligation Bonds, Series 2015B in a principal amount not to exceed $33,000,000. [Office of the Chief Administrative Officer, Hamilton]
Summary
Authorization to advertise for Bids for the FY2016 GO 2015B CIP Bond Issue and to distribute a Preliminary Official Statement for the purchase of the principal amount of its Various Purpose General Obligation Bonds, series 2015B in an mount not to exceed $33,000,000. This is a required component of the FY 2016 GO2015B CIP Bonds. The cost for this item is included in the Issuance of the Bonds per the ordinance authorizing the sale. There is no budgetary impact. (L1031-15)(Hamilton)
Budgetary Implications [select]: NO
Advance Document Review:
Law: { Select Yes, Completed by [Attorney Name, Date]}
Risk Management: {Select No}
Fully Budgeted [select]: Yes [Cost is included in the Issuance of the Bonds per the Ordinance allowing the sale of the bonds
Account Number: 1101-141401-1680-78401
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 departments within the Lexington-Fayette Urban County Government, including, but not limited to, (i) software system upgrades, safety operations center and other safety related projects, road resurfacing, road maintenance, road upgrades and street scapes, renovations, repairs and upgrades related to public buildings, renovations, repairs and upgrades related to park projects, and providing financial assistance to Bluegrass Community and Technical College for the construction of a new facility to be owned by Bluegrass Community an...