ORDINANCE NO. , SERIES 2018
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AN ORDINANCE OF LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, AUTHORIZING THE ISSUANCE, SALE, AND DELIVERY OF (A) INDUSTRIAL REVENUE BONDS HAVING AN AGGREGATE PRINCIPAL AMOUNT OF UP TO $40,750,000 AND DESIGNATED THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, INDUSTRIAL BUILDING REVENUE BONDS, SERIES 2018A (BROWN-FORMAN WHISKEY ROW PROJECT) AND (B) INDUSTRIAL REVENUE BONDS HAVING AN AGGREGATE PRINCIPAL AMOUNT OF UP TO $4,250,000 AND DESIGNATED THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, INDUSTRIAL BUILDING REVENUE BONDS, SERIES 2018A (BROWN-FORMAN WHISKEY ROW PROJECT) FOR THE PURPOSE OF FINANCING PORTIONS OF AN INDUSTRIAL BUILDING PROJECT; APPROVING AND AUTHORIZING THE EXECUTION AND DELIVERY OF (1) LEASE AGREEMENTS BETWEEN METRO GOVERNMENT, AS LESSOR, AND BROWN-FORMAN CORPORATION AND BROWN-FORMAN DISTILLERY, INC., RESPECTIVELY, AS LESSEES, (2) BOND PURCHASE AGREEMENTS PROVIDING FOR THE ISSUANCE, SALE, AND DELIVERY OF EACH SERIES OF THE SERIES 2018 BONDS AND PROVIDING FOR THEIR NEGOTIATED SALE, AND (3) OTHER DOCUMENTS RELATED TO THE AUTHORIZATION, ISSUANCE, AND DELIVERY OF THE SERIES 2018 BONDS; AND TAKING OTHER RELATED ACTIONS.
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SPONSORED BY: COUNCIL PRESIDENT JAMES AND
COUNCIL MEMBER SEXTON SMITH
WHEREAS, Louisville/Jefferson County Metro Government, Kentucky ("Metro Government"), pursuant to the provisions of Sections 103.200 to 103.285, inclusive, of the Kentucky Revised Statutes, as amended (the "Act"), is authorized to issue revenue bonds in one or more series and to make the proceeds from the sale thereof available to one or more corporations to finance industrial building facilities as defined in the Act, such bonds being payable from rental payments made by such corporations; and, under the Act, the financing of industrial buildings constitutes a valid public purpose; and
WHEREAS, Brown-Forman Corporation, a Delaw...
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