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(502) 863-7850
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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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O RDIN AN CE NO . 89-0 10 A N ORDIN AN CE OF TH E CO UNTY OF SC O TT, KEN TU CKY, DIR EC TIN G , A U TH O RIZ IN G AN D APPR O VIN G TH E PU BLIC SALE AN D IS SU AN C E OF $4,9 5 0,0 00 L E ASE REVEN UE BO NDS, SER IE S 1990 , BY TH E SC O TT CO UNTY PU BLIC P R O JE C TS CO RPO RAT IO N AN D DIR EC TIN G AN D AU TH O RIZ IN G OTH ER N EC ESSAR Y AC TIO NS, ALL ON BEH ALF OF TH E CO UN TY AN D AS TH E AG EN CY, I N STR UM EN TA LIT Y AN D CO NSTIT U TE D AU TH O RIT Y OF TH E CO UNTY, IN ORDER T O FIN AN CE CO NSTR UCTIO N, AC Q UIS IT IO N AN D IN STA LLA T IO N OF A NEW JA IL A N D JU STIC E CO M PLE X PR O JE C T OF TH E CO UNTY; APPR O VIN G AN D A D O PTIN G A CO NTR AC T, LE ASE AN D OPTIO N BETW EEN TH E CO RPO RAT IO N, AS L E SSO R, AN D TH E CO UNTY, AS LE SSEE, PR O VID IN G FO R TH E YEAR -T O -Y E AR L E ASE AN D PR O JE C T TO TH E CO UN TY; APPR O VIN G A TR UST IN DEN TU RE AN D M ORTG AG E SEC URIN G TH E BO NDS; APPR O VIN G TH E CO NTR AC TS , D O CUM EN TS AN D AC TIO NS NEC ESSAR Y OR APPR O PR IA T E TO CAR RY OUT TH E F IN AN CIN G PLA N , IN CLU DIN G AN OFF IC IA L STA T E M EN T OF TH E CO RPO RAT IO N; A U TH O RIZ IN G APPR O PR IA T E OFFIC IA LS OF TH E CO UNTY TO TA KE AN Y AN D A LL AC TIO NS NEC ESSAR Y TO CAR RY OUT TH E FIN AN CIN G PLA N IN C O OPER AT IO N WIT H TH E CO RPO RAT IO N. W HER EAS, th e Sco tt County Public Pro je cts Corp ora tio n, a Ken tu cky nonp ro fit , n o-s to ck co rp ora tio n (th e "C orp ora tio n"), duly org aniz e d purs u ant to Sectio ns 273.1 6 1 th ro u gh 2 73.3 90 and 58.1 80 of th e Kentu cky Revis e d Sta tu te s fo r th e purp ose of actin g as th e age ncy, i n str u m enta lit y and co nstit u te d auth orit y of and on be half of th e Coun ty of Sco tt, Ken tu cky (th e " C ounty "), in th e co nstr u ctio n, in sta lla tio n and fin a ncin g of pu blic pro je cts of th e Coun ty , has b een d ir e cte d by th e County to underta ke and im ple m ent fo r an d on beha lf of th e Coun ty th e f in ancin g of th e co nstr u ctio n, acq uis it io n and in sta ll a tio n of th e new Sco tt Coun ty Ja il and J u stic e C om ple x pro je ct on North Ham ilt o n Str e et in Georg eto w n (th e "P ro je ct" ); and W HER EAS, th e County has in it ia te d th e pla nnin g, acq uis it io n an d co nstr u ctio n of th e P ro je ct, s u bje ct to re im burs e m ent of co sts fr o m th e pro ce eds of Lease Reve n ue Bon ds to be i s su ed b y th e Corp ora tio n, and it is now th e purp ose of th e Coun ty an d th e Corp ora tio n to ca rr y o ut t h e f in ancin g of th e co nstr u ctio n, acq uis it io n an d in sta ll a tio n of th e Pro je ct; and W HER EAS, to pro vid e fo r th e paym ent of th e co sts of co n str u ctin g , acq uir in g an d i n sta llin g th e Pro je ct (a ll to th e exte nt not oth erw is e pro vid ed to be paid fr o m oth er so urc e s), th e C ounty i n te nds to dir e ct th e Corp ora tio n, actin g fo r and on be half of th e Coun ty an d as it s a gency, in str u m enta lit y and co nstit u te d auth orit y , to is su e $4,9 50 ,0 00 prin cip a l am ount of Lease R eve nue Bonds, Serie s 1990, of th e Corp ora tio n (th e "B onds"), an d to ta ke all nece ssa ry actio n t o a cco m plis h su ch fin ancin g; and W HER EAS, th e County has ca use d pla n s fo r th e Pro je ct to be pre pa re d , ha s acq uir e d t h e P ro je ct sit e , has re ce iv e d co m petit iv e bid s fo r th e co nstr u ctio n of th e Pro je ct and ha s a w ard ed a co ntr a ct fo r su ch co nstr u ctio n; and th e Coun ty and th e Corp ora tio n have asce rta in ed t h at t h e n ece ssa ry co nstr u ctio n, acq uis it io n and in sta ll a tio n work may be acco m plis h ed fo r a
