An ordinance authorizing the issuance of University Center Facilities Corporation V Installment Purchase Revenue Bonds (City of Rock Hill Project), Series 2018A and University Center Facilities Corporation V Installment Purchase Revenue Bonds (City of Rock Hill Project), Taxable Series 2018B, in the aggregate principal amount of not exceeding $30,000,000, by University Center Facilities Corporation V to provide funding to refinance certain outstanding obligations issued by the City of Rock Hill, South Carolina, to finance the costs of acquiring certain parking facilities and to finance the costs of acquisition and construction of certain other public projects; authorizing the execution and delivery of a base lease and conveyance agreement by and between the City and the corporation, and the conveyance of certain property of the City to the corporation thereunder; authorizing the execution and delivery of a Municipal Facilities Purchase and Occupancy Agreement by and between the City and the corporation; consenting to the form of a trust agreement to be entered into by the corporation and the trustee for the bonds; and making provision for all other matters relating to the foregoing.

Committee

City Council

Introduced

September 4, 2018

On agenda

September 24, 2018

Passed

September 24, 2018