Disclaimer: Only “roll call” votes are recorded.

Disclaimer: Only the attendance of committee members is recorded for committee meetings.

File #: O-064-22    Version: 1 Name:
Type: Ordinance Status: Passed
File created: 2/15/2022 In control: Labor and Economic Development Committee
On agenda: 3/3/2022 Final action: 3/3/2022
Title: AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, AUTHORIZING THE ISSUANCE OF ITS HOSPITAL REVENUE BONDS (UOFL HEALTH PROJECT) IN ONE OR MORE SERIES OR SUBSERIES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $415,000,000 FOR THE PURPOSES OF (A) PAYING ALL OR A PORTION OF THE COSTS OF (1) A NEW SEVEN-FLOOR MEDICAL TOWER AT UNIVERSITY HOSPITAL, (2) A NEW 60-BED HOSPITAL ON THE CAMPUS OF UOFL HEALTH MEDICAL CENTER SOUTH, AND (3) NECESSARY CAPITAL EXPENDITURES ACROSS UOFL HEALTH'S FACILITIES, AND (B) PAYING COSTS OF ISSUANCE OF THE BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF TRUST INDENTURES, LOAN AGREEMENTS, BOND PURCHASE AGREEMENTS, AND TAX EXEMPTION CERTIFICATE AND AGREEMENTS; AUTHORIZING AND APPROVING CERTAIN OTHER MATTERS, INCLUDING THE EXECUTION OF RELATED DOCUMENTS, IN CONNECTION WITH THE SALE AND ISSUANCE OF THE BONDS.
Sponsors: David James (D-6)
Attachments: 1. O-064-22 V.1 021722 Revenue Bond of UofL Health Project.pdf, 2. O-064-22 ATTACH Exhibit A - Bond Purchase Agreement.pdf, 3. O-064-22 ATTACH Exhibit B(1) - Taxable Bond Indenture.pdf, 4. O-064-22 ATTACH Exhibit B(2) - TE Bond Indenture.pdf, 5. O-064-22 ATTACH Exhibit C(1) - Taxable Loan Agreement.pdf, 6. O-064-22 ATTACH Exhibit C(2) - TE Loan Agreement.pdf, 7. O-064-22 ATTACH Exhibit D - Tax Exemption Certificate and Agreement.pdf, 8. BofA Securities - UofL Health - Official Statement - - 4855-8418-4590.2.pdf, 9. ORD 024 2022.pdf

ORDINANCE NO. ___________, SERIES 2022
title
AN ORDINANCE OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT, KENTUCKY, AUTHORIZING THE ISSUANCE OF ITS HOSPITAL REVENUE BONDS (UOFL HEALTH PROJECT) IN ONE OR MORE SERIES OR SUBSERIES IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $415,000,000 FOR THE PURPOSES OF (A) PAYING ALL OR A PORTION OF THE COSTS OF (1) A NEW SEVEN-FLOOR MEDICAL TOWER AT UNIVERSITY HOSPITAL, (2) A NEW 60-BED HOSPITAL ON THE CAMPUS OF UOFL HEALTH MEDICAL CENTER SOUTH, AND (3) NECESSARY CAPITAL EXPENDITURES ACROSS UOFL HEALTH'S FACILITIES, AND (B) PAYING COSTS OF ISSUANCE OF THE BONDS; AUTHORIZING THE EXECUTION AND DELIVERY OF TRUST INDENTURES, LOAN AGREEMENTS, BOND PURCHASE AGREEMENTS, AND TAX EXEMPTION CERTIFICATE AND AGREEMENTS; AUTHORIZING AND APPROVING CERTAIN OTHER MATTERS, INCLUDING THE EXECUTION OF RELATED DOCUMENTS, IN CONNECTION WITH THE SALE AND ISSUANCE OF THE BONDS.
body
SPONSORED BY: COUNCIL PRESIDENT JAMES

WHEREAS, the Louisville/Jefferson County Metro Government ("Metro Government") is a political subdivision of the Commonwealth of Kentucky (the "Commonwealth") and is authorized by Sections 103.200 through 103.285 of the Kentucky Revised Statutes, as amended (the "Act"), to issue revenue bonds and to loan the proceeds thereof to third parties in order to finance costs of an "industrial building," as defined in the Act, utilized in the provision of health-care or related services; and
WHEREAS, UofL Health, Inc., a Kentucky nonprofit corporation (the "Corporation"), has applied for the financial assistance of Metro Government in the financing of the costs of the acquisition, construction, installation, and equipping of (i) a new seven-floor medical tower at University Hospital, (2) a new 60-bed hospital on the campus of UofL Health Medical Center South, and (3) various capital expenditures across the facilities utilized in the Corporation's health system, including real property, equipment, furnishings, IT systems, and othe...

Click here for full text