RESOLUTION NO. ___, SERIES 2016
Title
AN INDUCEMENT RESOLUTION OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE "ISSUER") GIVING PRELIMINARY APPROVAL TO THE ACQUISITION, CONSTRUCTION AND EQUIPPING OF A NEW MANUFACTURING FACILITY TO BE LOCATED IN THE 700 BLOCK OF EAST JEFFERSON STREET, LOUISVILLE, KENTUCKY; SUCH FACILITY TO BE OPERATED BY RABBIT HOLE SPIRITS, LLC, AND USED FOR THE DISTILLING AND PRODUCTION OF BOURBON AND OTHER SPIRITS; GIVING PRELIMINARY APPROVAL TO THE ISSUANCE OF TAXABLE AND/OR TAX-EXEMPT INDUSTRIAL BUILDING REVENUE BONDS AT THE APPROPRIATE TIME TO PAY THE COST OF ACQUISITION, CONSTRUCTION AND EQUIPPING OF SAID PROJECT; AND TAKING OTHER PRELIMINARY ACTIONS.
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Sponsored by: Councilman David Tandy
WHEREAS, Rabbit Hole Spirits, LLC is a Kentucky limited liability company (the "Company") qualified to do business in the Commonwealth of Kentucky ("Kentucky"); and
WHEREAS, the Company proposes to acquire, construct and equip a facility for production of whiskey and other spirits on site, as well as a tasting room, events center and gift shop, such facility to be located at the former Disney Tire property in the 700 block of East Jefferson Street, Louisville, Jefferson County, Kentucky (the "Project"); and
WHEREAS, the acquisition, construction and equipping of the Project will create substantial employment, increase manufacturing in Kentucky, and otherwise serve public purposes, as set forth in Sections 103.200 to 103.285, inclusive, of the Kentucky Revised Statutes ("KRS"), as amended (collectively, the "Act"); and
WHEREAS, the Issuer is authorized by the Act to issue taxable and/or tax-exempt industrial building revenue bonds and to loan the proceeds thereof to a company for the purpose of defraying the cost of the acquisition, construction and equipping of an industrial building project, all in furtherance of the purposes of the Act and for the public benefit of the residents and inhabitants of the region, ...
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