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File #: O-147-20    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 4/3/2020 In control: Budget Committee
On agenda: 4/23/2020 Final action: 4/23/2020
Title: AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE "METRO GOVERNMENT" OR THE "ISSUER"), PROVIDING FOR AND AUTHORIZING THE ISSUANCE OF CERTAIN GENERAL OBLIGATION DEBT OF THE METRO GOVERNMENT IN ONE OR MORE SERIES AND TYPES OF OBLIGATIONS TO FINANCE THE OPERATION OF AND THE PROVISION OF SERVICES FOR THE CITIZENS OF THE METRO GOVERNMENT; SETTING FORTH THE TERMS AND CONDITIONS ON WHICH THE OBLIGATIONS ARE TO BE ISSUED AND PROVIDING FOR A SALE THEREOF; DEFINING AND PROVIDING FOR THE RIGHTS OF THE HOLDERS OF THE OBLIGATIONS AND PROVIDING FOR THE APPLICATION OF THE PROCEEDS THEREOF; AND TAKING OTHER RELATED ACTION RELATING TO THE ISSUANCE AND SALE OF THE OBLIGATIONS.
Sponsors: Bill Hollander (D-9)
Attachments: 1. O-147-20 V.1 040920 Issuance of General Obligation Debt Bonds for Operation and Provision of Services.pdf, 2. ORD 049 2020.pdf
ORDINANCE NO. ______, SERIES 2020
TITLE
AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT (THE "METRO GOVERNMENT" OR THE "ISSUER"), PROVIDING FOR AND AUTHORIZING THE ISSUANCE OF CERTAIN GENERAL OBLIGATION DEBT OF THE METRO GOVERNMENT IN ONE OR MORE SERIES AND TYPES OF OBLIGATIONS TO FINANCE THE OPERATION OF AND THE PROVISION OF SERVICES FOR THE CITIZENS OF THE METRO GOVERNMENT; SETTING FORTH THE TERMS AND CONDITIONS ON WHICH THE OBLIGATIONS ARE TO BE ISSUED AND PROVIDING FOR A SALE THEREOF; DEFINING AND PROVIDING FOR THE RIGHTS OF THE HOLDERS OF THE OBLIGATIONS AND PROVIDING FOR THE APPLICATION OF THE PROCEEDS THEREOF; AND TAKING OTHER RELATED ACTION RELATING TO THE ISSUANCE AND SALE OF THE OBLIGATIONS.
BODY

SPONSORED BY: COUNCIL MEMBER BILL HOLLANDER

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 "Metro Government" or the "Issuer") commenced operations effective January 6, 2003, replacing and superseding the governments of the City and the County;

WHEREAS, the recent outbreak of COVID-19, a respiratory disease caused by a new strain of coronavirus, which has spread to the United States of America, and within the United States of America to the Commonwealth of Kentucky (the "Commonwealth") and to the Issuer, has been declared a Public Health Emergency of International Concern by the World Health Organization, has affected travel, commerce and financial markets, globally, and is widely expected to affect economic growth worldwide;

WHEREAS, given the substantial and grave impact of COVID-19 on the health and wellbeing of Kentuckians, Governor Andy Beshear declared a state of emergency on March 6...

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