Title
A Resolution of the Lexington-Fayette Urban County Government approving the execution and delivery by Clark County Fiscal Court of its Clark County Fiscal Court Healthcare Revenue Bonds, Series 2022 (Ky. Easter Seal Society, Inc. Project) in an amount not to exceed $10,000,000 (the "Bonds"), and the use of the proceeds thereof to assist Ky. Easter Seal Society, Inc. (the "Corporation") (a) to pay off that certain loan with Central Bank & Trust Co. the proceeds of which were used to make certain capital improvements to the Corporation's property located at 1900 Richmond Rd., Lexington, Ky. 40502 ("Property"), (b) to finance the costs of making capital improvements to the Corporation's property, and (c) to pay the costs of issuance. Public Hearing November 17, 2022 6:00 p.m. [Office of the Mayor, Atkins]
Summary
Authorization to execute the Kentucky Easter Seal Society's Industrial Revenue Bond (IRB) Healthcare Revenue Bonds Series 2022 by Clark County Fiscal Court for Kentucky Easter Seal Society, Inc. at an amount not to exceed $10,000,000.00. No Budgetary impact and it does not affect the liability of LFUCG in any way. (L1076-22) (Atkins)
Budgetary Implications: No
Advance Document Review:
Law: {Yes, Completed by Keith Horn, 10/18/2022}
Risk Management: {Select Yes/No, Completed by [Official, Date]}
Fully Budgeted: N/A
Account Number: N/A
This Fiscal Year Impact: $0
Annual Impact: $0
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 Statutes, as amended (the "Act"), proposes to execute and deliver, together with Kentucky Easter Seal Society, Inc. (the "Corporation"), a nonprofit corporation organized and existing under the laws of the Commonwealth of Kentucky and exempt from federal income taxes as an organization described and designated by the Internal Revenue Service under ...
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