Title
A Resolution of the Lexington-Fayette Urban County Government approving (I) the execution and delivery by the County of Clark, Ky. of its County of Clark, Ky. Healthcare Revenue Bonds, Series 2017 (Ky. Medical Services Foundation, Inc. Project) in an amount not to exceed $10,000,000 and (II) the execution and delivery by the County of Scott, Ky. of its County of Scott, Ky. Healthcare Revenue Bonds, series 2017 (Ky. Medical Services Foundation, Inc. Project) in an amount not to exceed $10,000,000 (collectively, the "bonds"), and the use of the proceeds thereof to assist Ky. Medical Services Foundation, Inc. (the "Corporation") (a) to finance the costs of paying off that certain loan with Central Bank & Trust Co. the proceeds of which were used to finance the costs of the corporation's buildings located at 2347 Sterlington Rd. and 2301, 2317, 2325, and 2333 Alumni Park Plaza, Lexington, Ky., (b) to pay for certain capital improvements to the property, and (c) to pay the costs of issuance. PUBLIC HEARING on February 23, 2017 at 6:00 p.m. [Mayor's Office, Atkins]
Summary
Authorization to send a resolution to Clark County and Scott County requesting they provide for the issuance of revenue bonds for the support of Kentucky Medical Services Foundation. The LFUCG is required to issue a resolution in support of an industrial revenue bond project in Lexington-Fayette county if the project is being financed by another agency in Kentucky. There is no budgetary impact. (L0126-17) (Atkins)
Budgetary Implications [select]: NO
Advance Document Review:
Law: { Yes/No, Completed by Barberie}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted [select]: N/A
Account Number:
This Fiscal Year Impact: $
Annual Impact: $
Project:
Activity:
Budget Reference:
Current Balance:
Body
WHEREAS, the County of Clark, Kentucky (the "County of Clark"), pursuant to the provisions of Section 103.200 to 103.285, inclusive, of the Kentucky Revised Statute...
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