Louisville Metro Government - File #: O-001-15

• File #: O-001-15
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/5/2015
• In control: Ad Hoc Committee on Budget
• On agenda: 1/22/2015
• Final action: 1/22/2015
• 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 DEVELOPMENT OF THE CENTER CITY PROJECT IN THE LOUISVILLE DOWNTOWN REVITALIZATION DISTRICT DEVELOPMENT AREA; 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.
• Sponsors: Marianne Butler (D-15), Jim King (D-10), David Tandy (D-4)

Date	Ver.	Action By	Action	Result
1/22/2015	1	Metro Council	passed	Pass
1/12/2015	1	Ad Hoc Committee on Budget	recommended for approval	Pass

____________________________________________________________________________________________________________________________________________________________





LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT


BOND ORDINANCE

Authorizing and Securing

Louisville/Jefferson County Metro Government
General Obligation Bonds
(Center City Project)








____________________________________________________________________________________________________________________________________________________________



TABLE OF CONTENTS

ARTICLE 1 INTRODUCTION AND DEFINITIONS|913|
Section 1.1. Incorporation of Preambles Into Bond Ordinance; Determinations of Fact|913|
ARTICLE 2 AUTHORIZATION OF BONDS 10
Section 2.1. Authorization and Approval of Documents 10
Section 2.2. Approval of Use of Proceeds and Authorization for the Bonds; Designation of Bond Counsel and Financial Advisor; Ratification of Official Intent 11
Section 2.3. Designation of Bonds 11
ARTICLE 3 THE BONDS 12
Section 3.1. Term, Form and Execution of Bonds 12
Section 3.2. General Obligation and Liability of Issuer; Tax Levy and Pledge 13
Section 3.3. Appointment of Bond Registrar and Paying Agent 14
Section 3.4. Procedures in Respect of Registration and Transfer of Bonds; Payment of Principal and Interest 14
Section 3.5. Authentication of Bonds 15
Section 3.6. Loss, Theft. Destruction or Mutilation of Bonds 16
Section 3.7. Optional Redemption 16
Section 3.8. Mandatory Sinking Fund Redemption 16
Section 3.9. Notice of Redemption 17
Section 3.10. Securities Depository; Ownership of Bonds 18
ARTICLE 4 SALE AND DELIVERY OF BONDS 19
Section 4.2. Provisions Relating to Issuance and Delivery of the Bonds 20
ARTICLE 5 APPLICATION OF BOND PROCEEDS; SECURITY FOR BONDS; FUNDS AND ACCOUNTS 21
Section 5.1. Deposit and Application of Bond Proceeds 21
Section 5.2. Pledge of Proceeds of Bonds on Deposit in Project Fund 21
Section 5.3. Pledge of Pledged ...