ORDINANCE NUMBER ______, SERIES 2015
Title
AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, PROVIDING FOR AND AUTHORIZING THE ISSUANCE OF CERTAIN GENERAL OBLIGATION BONDS OF THE METRO GOVERNMENT IN ONE OR MORE SERIES TO FINANCE THE COSTS OF THE PUBLIC PROJECTS AS DESCRIBED THEREIN; SETTING FORTH THE TERMS AND CONDITIONS ON WHICH THE BONDS 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 PROVIDING FOR THE APPLICATION OF THE PROCEEDS THEREOF; AND TAKING OTHER RELATED ACTION RELATING TO THE ISSUANCE AND SALE OF THE BONDS.
Body
Sponsored By: Councilwoman Cheri Bryant Hamilton
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, including costs of the acquisition, installation and maintenance of equipment and vehicles to be used by various departments and agencies of the Issuer, hereinafter described, through the incurrence of indebtedness as herein described by the sale and issuance of the Issuer's "Tax-Exempt General Obligation Bonds, Series 2015A" (the "Series 2015A 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 necess...
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