RESOLUTION NO. , SERIES 2015
Title
A RESOLUTION OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, AMENDING AND SUPPLEMENTING RESOLUTION NO. 123, SERIES 2014, RELATING TO THE PRELIMINARY APPROVAL OF THE ISSUANCE OF ONE OR MORE SERIES OF INDUSTRIAL BUILDING REVENUE BONDS FOR THE BENEFIT OF BROWN-FORMAN CORPORATION'S WHISKEY ROW PROJECT.
Body
Sponsored by: President David W. Tandy and Councilmember Marianne Butler
WHEREAS, the Council of the Louisville/Jefferson County Metro Government ("Metro Council"), adopted Resolution No. 123, Series 2014 on November 20, 2014 (the "Original Resolution"), captioned as follows:
A RESOLUTION OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, GIVING PRELIMINARY APPROVAL OF AN INDUSTRIAL REVENUE BOND FINANCING IN ONE OR MORE SERIES FOR BROWN-FORMAN CORPORATION, OR ANY OF ITS AFFILIATES; AUTHORIZING INITIATION OF THE ACQUISITION, CONSTRUCTION AND INSTALLATION OF AN INDUSTRIAL PROJECT RELATED THERETO; AGREEING TO UNDERTAKE THE ISSUANCE OF INDUSTRIAL REVENUE BONDS IN ONE OR MORE SERIES AT THE APPROPRIATE TIME; AND TAKING OTHER PRELIMINARY ACTION.
WHEREAS, at the request of Brown-Forman Corporation (the "Company"), Metro Council desires to supplement and amend the Original Resolution for the purposes of (i) increasing the aggregate par amount of the industrial building revenue bonds preliminarily authorized by the Original Resolution from a maximum limit of $35,000,000 to $45,000,000; (ii) authorizing the amendment of the Memorandum of Agreement dated as of November 24, 2014, by and between Metro Government and the Company to reflect the increased aggregate par amount of the bonds; and (iii) approving, confirming, and ratifying the Original Resolution as hereby amended and supplemented;
NOW, THEREFORE, BE IT RESOLVED BY THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT:
Section 1. The facts and recitations set out in the preamble of this ...
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