RESOLUTION NO. _____, SERIES 2014
TITLE
A RESOLUTION OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY AUTHORIZING THE APPOINTMENT OF MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED AS A CO-REMARKETING AGENT FOR THE $35,000,000 PRINCIPAL AMOUNT OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, POLLUTION CONTROL REVENUE BONDS, 2001 SERIES B (LOUISVILLE GAS AND ELECTRIC COMPANY PROJECT), AND FURTHER AUTHORIZING CERTAIN RELATED ACTIONS RELATED TO THE ABOVE-IDENTIFIED BONDS.
BODY
Sponsored By: Councilman David Tandy
WHEREAS, the Louisville/Jefferson County Metro Government, Kentucky (the "Issuer") is the governmental successor to the County of Jefferson, Kentucky (the "Predecessor County") and, pursuant to operation of law has mandatorily assumed all obligations of the Predecessor County and has been vested with ownership of all property of the Predecessor County; and
WHEREAS, the Predecessor County, pursuant to Ordinance No. 31, Series 2001 adopted on November 13, 2001 by the Fiscal Court of the Predecessor County, issued its Pollution Control Revenue Bonds, 2001 Series B (Louisville Gas and Electric Company Project), dated March 22, 2002 in the principal amount of $35,000,000 (the "2001 Series B Bonds") pursuant to the Indenture of Trust, dated as of November 1, 2001, as amended by Supplemental Indenture No. 1 dated as of September 1, 2010 (the "Indenture"), between the Issuer as successor to the Predecessor County and U.S. Bank National Association, as successor Trustee (the "Trustee"); and
WHEREAS, the Predecessor County loaned the proceeds of the 2001 Series B Bonds to Louisville Gas and Electric Company (the "Company") pursuant to the Loan Agreement dated as of November 1, 2001, as amended pursuant to Amendment No. 1 to Loan Agreement dated as of September 1, 2010, between the Issuer as successor to the Predecessor County and the Company (the "Loan Agreement"); and
WHEREAS, Morgan Stanley & Co. L...
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