Louisville Metro Government - File #: O-018-23

• File #: O-018-23
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 1/27/2023
• In control: Budget and Appropriations Committee
• On agenda: 2/16/2023
• Final action: 2/16/2023
• Title: AN ORDINANCE OF THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AUTHORIZING AND PROVIDING FOR THE EXECUTION AND DELIVERY ON BEHALF OF METRO GOVERNMENT OF THE FIRST AMENDMENT TO LOAN AGREEMENT BY AND AMONG METRO GOVERNMENT, ROMAN CATHOLIC BISHOP OF LOUISVILLE, D/B/A ST. MARY ACADEMY, AND FIFTH THIRD BANK, NATIONAL ASSOCIATION PROVIDING FOR THE CHANGES AS SET FORTH THEREIN AND RELATED TO THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT INDUSTRIAL BUILDING REFUNDING REVENUE BONDS, SERIES 2013 (ST. MARY ACADEMY PROJECT); AND TAKING OTHER RELATED ACTION.
• Sponsors: Paula McCraney (D-7)

Date	Ver.	Action By	Action	Result
2/16/2023	1	Metro Council	passed	Pass
2/9/2023	1	Budget and Appropriations Committee	recommended for approval	Pass
2/2/2023	1	Metro Council	assigned

ORDINANCE NO. ______________, SERIES 2023
TITLE
AN ORDINANCE OF THE LEGISLATIVE COUNCIL OF THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT AUTHORIZING AND PROVIDING FOR THE EXECUTION AND DELIVERY ON BEHALF OF METRO GOVERNMENT OF THE FIRST AMENDMENT TO LOAN AGREEMENT BY AND AMONG METRO GOVERNMENT, ROMAN CATHOLIC BISHOP OF LOUISVILLE, D/B/A ST. MARY ACADEMY, AND FIFTH THIRD BANK, NATIONAL ASSOCIATION PROVIDING FOR THE CHANGES AS SET FORTH THEREIN AND RELATED TO THE LOUISVILLE/JEFFERSON COUNTY METRO GOVERNMENT INDUSTRIAL BUILDING REFUNDING REVENUE BONDS, SERIES 2013 (ST. MARY ACADEMY PROJECT); AND TAKING OTHER RELATED ACTION.
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SPONSORED BY: COUNCIL MEMBER MCCRANEY

WHEREAS, Louisville/Jefferson County Metro Government ("Metro Government") is a consolidated local government and political subdivision of the Commonwealth of Kentucky (the "Commonwealth") and as such is authorized by the Industrial Buildings and Pollution Control Facilities for Cities and Counties Act, as amended, Sections 103.200 to 103.285 of the Kentucky Revised Statutes (the "Act"), to issue industrial building revenue bonds and to loan the proceeds thereof to any person to finance the cost of any "industrial building" (as defined in the Act), including specifically land, buildings, improvements, equipment, machinery, and other facilities suitable for any nonprofit educational institution in any manner related to or in furtherance of the educational purposes of such institution, including but not limited to classroom, laboratory, housing, administrative, physical educational and medical research and treatment facilities, in order to accomplish the public purposes of promoting the economic development of the Commonwealth, relieving conditions of unemployment, and encouraging the increase of industry therein; and
WHEREAS, On March 19, 2013, Metro Government, at the request of the Roman Catholic Bishop of Louisville, a Kentucky nonprofit corporation doing business as St. Mary Academy (...