ORDINANCE NO. __________, SERIES 2021
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AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, AUTHORIZING EXECUTION AND DELIVERY OF (I) A THIRD SUPPLEMENTAL TRUST INDENTURE AND (II) A THIRD SUPPLEMENTAL LOAN AGREEMENT RELATED TO THE OUTSTANDING LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY FIRST MORTGAGE RESIDENTIAL CARE FACILITIES REVENUE BONDS (TREYTON OAK TOWERS ECONOMIC DEVELOPMENT PROJECT) SERIES 1995B; AND AUTHORIZING RELATED ACTIONS.
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SPONSORED BY: COUNCIL PRESIDENT DAVID JAMES
WHEREAS, Louisville/Jefferson County Metro Government, Kentucky ("Metro Government"), by its statutory predecessor-in-interest, the County of Jefferson, Kentucky, previously issued its outstanding Louisville/Jefferson County Metro Government, Kentucky First Mortgage Residential Care Facilities Revenue Bonds (Treyton Oak Towers Economic Development Project) Series 1995B (the "Series 1995B Bonds"); and
WHEREAS, the Series 1995B Bonds were issued under and are governed by a Trust Indenture dated as of September 1, 1982, by and between Metro Government and The Bank of New York Mellon Trust Company, N.A., in its capacity as the ultimate successor-in-interest to First National Bank of Louisville, as trustee (the "Trustee"), as amended and supplemented by a First Supplemental Trust Indenture dated as of September 1, 1988, by and between Metro Government and the Trustee, and as further amended and supplemented by a Second Supplemental Trust Indenture dated as of September 1, 1995, by and between Metro Government and the Trustee (as amended and supplemented, the "Current Indenture"); and
WHEREAS, the proceeds of the Series 1995B Bonds were loaned to The Third and Oak Corporation d/b/a Treyton Oak Towers (the "Company") pursuant to a Loan Agreement dated as of September 1, 1982, by and between Metro Government and the Company, as amended and supplemented by a First Supplemental Loan Agreement dated as of September 1, 1988, by and bet...
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