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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
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2 20.1 7 O RDIN AN CE NO . 95-0 05 A N ORDIN AN CE OF TH E CO UNTY OF SC O TT, KEN TU C KY, A U TH O RIZ IN G TH E SALE AN D IS SU AN CE OF IT S IN DUSTR IA L BU IL D IN G REVEN UE BO ND, SER IE S 19 95 ( L O UIS VIL LE FO RG E AN D GEAR WORKS , IN C. PR O JE C T), IN A PR IN CIP A L AM OUNT UP TO $22,0 0 0,0 00; A U TH O RIZ IN G TH E EXEC UTIO N AN D DELIV ER Y OF A L E ASE AG REEM EN T BETW EEN TH E CO UNTY AN D L O UIS VIL LE FO RG E AN D GEAR WORKS, IN C., AN IN DEN TU RE OF ASSIG NM EN T SEC URIN G TH E BO ND AN D R ELA T E D DO CUM EN TS ; AU TH O RIZ IN G TH E NEG OTIA T E D S ALE OF TH E BO ND; AN D TA KIN G OTH ER RELA T E D A C TIO N. W HER EAS, th e County of Sco tt, Kentu ck y (th e “Is su er”) , purs u ant to th e p ro vis io ns of Sectio n 103.2 00 to 103.2 85, in clu siv e , of th e Kentu cky Revis e d Sta tu te s, as a m ended (th e “A ct” ), is auth oriz e d to is su e it s in du str ia l buil d in g re ve nu e bond s and to ca use th e p ro ce eds fr o m th e sa le th ere of to be utiliz e d fo r th e acq uis it io n and co n str u ctio n of “in du str ia l b uild in g” pro pertie s as defin ed in th e Act; and W HER EAS, Louis ville Forg e and Gear Work s, In c. (th e “C om pa ny”) , pro pose s th at t h e I s su er, purs u ant to th e Act, acq uir e and le a se to th e Com pany ce rta in in dustr ia l buil d in g p ro pertie s co nsis tin g of an exis tin g 655,0 00 sq u are -fo ot buil d in g , ancil la ry bu ild in gs and s tr u ctu re s, im pro ve m ents and appurte nance s (in clu din g am ong oth er th in gs majo r new buil d in g a ddit io ns, re nova tio ns and im pro ve m ents and in sta ll a tio n of sit e im pro ve m en ts , fix tu re s, syste m s a nd m ajo r mach in ery and equip m ent) , all on an aggre ga te sit e of appro xim ate ly 11 2 acre s in th e T rip ort I n dustr ia l Park Subdiv is io n (b ein g th e fo rm er Cla rk Equ ip m ent Com pany pro pe rty ) in th e C ounty (c o lle ctiv e ly th e “P ro je ct,” as more partic u la rly de scrib ed in th e Le ase Agre em en t h ere in afte r id entif ie d and appro ve d); and th e Pro je ct, whic h will ge nera te su bsta ntia l new jo b o pportu nit ie s in th e are a, will be use d in th e manufa ctu re of meta l pro ducts and fo r re la te d p urp ose s and activ it ie s and qualif ie s fo r fin ancin g wit h in th e mea nin g of th e Act; an d W HER EAS, th e Is su er has agre ed and is willin g, purs u ant to th e Act, to is su e it s i n dustr ia l build in g re ve nue bonds and to utiliz e th e pro ce e ds of su ch bond s fo r purp ose s of a cq uir in g, co nstr u ctin g, im pro vin g and in sta llin g th e Pro je ct fo r le ase to th e Com pany upon te rm s w hic h a re se t fo rth in th e Lease Agre em ent here in afte r id entif ie d and appro ve d ; and W HER EAS, in acco rd ance wit h th e pro vis io n s of Sectio n 10 3.2 30 of th e Act, th e C om pany has made a re quest in writ in g, addre sse d to th e Is su er, th at th e sa le of th e bond h ere in afte r id entif ie d and auth oriz e d (th e “B ond”), bearin g in te re st as se t out in th e In de ntu re of A ssig nm ent here in afte r id entif ie d and appro ve d , sh all be mad e upon a ne gotia te d basis ; and W HER EAS, th e Com pany will co nve y th e Pro je ct to th e Is su er; and
