ORDINANCE NUMBER ______, SERIES 2014
TITLE
AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, PROVIDING FOR AND AUTHORIZING THE ISSUANCE OF CERTAIN GENERAL OBLIGATION BONDS AND NOTES OF THE METRO GOVERNMENT IN ONE OR MORE SERIES TO FINANCE THE COSTS OF THE PUBLIC PROJECTS AS DESCRIBED THEREIN AND TO REFUND CERTAIN OUTSTANDING OBLIGATIONS OF THE METRO GOVERNMENT AS DESCRIBED THEREIN; SETTING FORTH THE TERMS AND CONDITIONS ON WHICH THE BONDS AND NOTES ARE TO BE ISSUED AND PROVIDING FOR A COMPETITIVE, ADVERTISED SALE THEREOF; DEFINING AND PROVIDING FOR THE RIGHTS OF THE HOLDERS OF THE BONDS AND NOTES AND PROVIDING FOR THE APPLICATION OF THE PROCEEDS THEREOF; AND TAKING OTHER RELATED ACTION RELATING TO THE ISSUANCE AND SALE OF THE BONDS AND NOTES.
BODY
Sponsored By: Councilmembers Butler, Downard and President King
WHEREAS in the November 7, 2000 General Election, local voters approved a consolidation of the governmental and corporate functions of the City of Louisville, Kentucky (the "City") and the County of Jefferson, Kentucky (the "County") into a single political entity, and pursuant to legislation enacted by the Kentucky General Assembly, the Louisville/Jefferson County Metro Government (the "Issuer") commenced operations effective January 6, 2003, replacing and superseding the governments of the City and the County; and
WHEREAS, the Issuer has determined that it is necessary, desirable and in the public interest to finance the costs of the public projects hereinafter described, through the incurrence of indebtedness as herein described by the sale and issuance of the Issuer's "General Obligation Bonds, Series 2014D" (the "Series 2014D Bonds"), the payment of the principal thereof and interest thereon is secured by the full faith, credit and resources of the Issuer which is hereby pledged for such purpose pursuant to this Bond Ordinance; and
WHEREAS, the Issuer has determined that it is necessary, desirable and in the public in...
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