An Ordinance of Lexington-Fayette Urban County Government authorizing the issuance of Lexington-Fayette Urban County Government Various Purpose General Obligation refunding Bonds, Series 2024B, in one or more subseries, in an aggregate principal amount of $7,720,000, (which amount may be increased or decreased by an amount of up to ten percent (10%)) for the purpose of refunding all of the outstanding principal amount of Lexington-Fayette Urban County Government General Obligation Bonds Various Purpose General Obligation Refunding Bonds, Series 2014A; approving a form of bond; authorizing designated officers to execute and deliver the bonds; providing for the payment and security of the bonds; creating a bond payment fund and escrow funds; maintaining the heretofore established sinking fund; authorizing a Certificate of Award for the acceptance of the bid of the bond purchaser for the purchase of the Series 2024B Bonds; authorizing an Escrow Trust Agreement; and repealing inconsistent ordinances. [Dept. of Finance, Hensley]

Committee

Urban County Council

Requested by

Finance

Introduced

February 22, 2024

On agenda

March 21, 2024

Passed

March 21, 2024

Enacted

March 21, 2024

Enactment no.

O-032-2024