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101 E Main St,
Georgetown, KY 40324
101 E Main St, Georgetown, KY 40324
(502) 863-7850
(502) 863-7850
CALL US NOW
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Georgetown, KY 40324
(502) 863-7850
Facebook
Youtube
Contact Us
101 E Main St,
Georgetown, KY 40324
(502) 863-7850
CALL US NOW
Facebook
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Search
Home
Transparency
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O RDIN AN CE NO . 94-0 03 SER IE S 1994 A N ORDIN AN CE RELA T IN G TO TH E IS SU AN CE OF TH E CO UN TY OF SC O TT CO UNTY, K EN TU CKY, AD JU STA BLE RAT E IN DUSTR IA L BU IL D IN G REV EN UE BO NDS, SE R IE S 1994 ( R O PA K CO RPO RAT IO N PR O JE C T), IN AN AM OUNT OF UP TO $5 ,5 00,0 00 . W HER EAS, The County of Sco tt, Kentu cky (th e “Is su er” ), a poli t ic a l su b div is io n of th e C om monw ealt h of Kentu cky, is auth oriz e d and em pow ere d by th e In du str ia l Build in g Reve nue B ond A ct (S ectio n 103.2 00 et se q.) of th e Kentu cky Revis e d Sta tu te s, here in a ft e r re fe rre d to as t h e “ A ct” , to is su e bonds to defr a y th e co sts of an in du str ia l buil d in g as de fin ed in th e Act; and W HER EAS, Ropak Corp ora tio n, a Dela w are co rp ora tio n (th e “C om pany”), has off e re d to t h e I s su er an “in dustr ia l build in g” pro je ct on a sit e de scrib ed in th e Tru st In dentu re (h ere in afte r i d entif ie d), if th e Is su er will agre e to is su e in dustr ia l buil d in g re ve nu e bond s in th e aggre ga te a m ount o f up to $5,5 00,0 00 (th e “B onds”) purs u ant to th e Act, su ch in du str ia l buil d in g pro je ct to b e l e ase d by, use d, and occu pie d by th e Com pa ny as a fa cilit y fo r man ufa ctu rin g pla stic c o nta in ers and re la te d pro ducts (th e “P ro je ct” ), whic h will re su lt in th e em plo ym ent of a num ber o f w ork e rs and pro m ote th e eco nom ic deve lo pm ent of th e are a; and W HER EAS, under th e te rm s of th e pro po se d Lease Agre em ent date d as of May 1, 199 4, b etw een th e Is su er and th e Com pany, th e Is su e r will re ce iv e pa ym en ts fr o m th e Com pany s u ff ic ie nt to pay th e prin cip al and in te re st re quir e m en ts of th e Bon ds, and whic h paym ents sh all b e p le dged, to geth er wit h th e Lease Agre em en t it s e lf , as se cu rit y fo r th e pa ym en t of th e p rin cip al of and in te re st on th e Bonds; and W HER EAS, th e Is su er has fo und and dete rm in ed th at th e op era tio n of th e pro pose d P ro je ct w ill te nd to re lie ve exis tin g co ndit io ns of unem plo ym en t in th e are a and will oth erw is e p ro m ote th e genera l welf a re and eco nom ic deve lo p m en t of th e Coun ty and all of it s cit iz e ns; N O W , TH ER EFO RE, BE IT ORDAIN ED BY TH E CO UNTY OF SC O TT AS FO LL O W S: 1 . AU TH O RIZ AT IO N OF BO NDS F or th e purp ose of payin g th e co sts , not oth e rw is e pro vid ed , of th e Pro je ct, th e Is su er h ere by a uth oriz e s and appro ve s th e is su ance of th e County of Sco tt, Kentu cky Adju sta ble Rate I n dustr ia l Build in g Reve nue Bonds, Serie s 1994 (R opa k Corp ora tio n Pro je ct) (th e “B on ds”) d ate d a s of th e date of deliv e ry of th e Bonds, in th e prin cip al am oun t of up to Fiv e Mil lio n Fiv e H undre d Thousa nd Dolla rs ($ 5,5 00,0 00) as more fu lly pro vid ed fo r in th e Tru st In de ntu re h ere in afte r appro ve d. The Bonds sh all matu re on May 1, 20 14 and bear in te re st fr o m th e date o f d eliv e ry to th e purc h ase r(s ) th ere of as pro vid ed in th e Tru st In de ntu re wit h a maxim um ra te of
