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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 . 97-0 04 A N ORDIN AN CE OF TH E CO UNTY OF SC O TT, KEN TU CKY, AU TH O RIZ IN G AM EN DM EN TS TO CER TA IN DO CU M EN TS RELA T E D TO TH E CO UNTY 'S OUTS TA N DIN G IN DUSTR IA L B U IL D IN G REVEN UE BO ND, SER IE S 1995 (L O UIS VIL LE FO RG E AN D GEAR WORKS, IN C. PR O JE C T), APPR O VIN G TH E SU BS TIT U TIO N OF LO UIS VIL LE FO RG E AN D GEAR W ORKS, LLC , AS LE SSEE UNDER TH E LE AS E AG REEM EN T SEC URIN G SU C H BO ND, AN D REPEALIN G ORDIN AN CE NO . 96-0 10 AD O PTE D ON SEPTE M BER 23, 1996 W HER EAS, th e County of Sco tt, Kentu ck y (th e "Is su er" ), by Ord in ance No. 95- 005 a dopte d by it s Fis ca l Court on Dece m ber 22, 199 5, purs u ant to th e pro vis io n s of Sectio n s 1 03.2 00 to 103.2 85, in clu siv e , of th e Kentu cky Revis e d Sta tu te s, as am ended , au th oriz e d and s u bse quently is su ed it s In dustr ia l Build in g Reve n ue Bond, Serie s 1995 (L ouis ville Forg e and G ear W ork s, In c. Pro je ct) , in a prin cip al am ount up to $22,0 0 0,0 00 (th e "B ond") fo r th e purp ose o f f in ancin g ce rta in in dustr ia l build in g pro pertie s co n sis tin g of an exis tin g 655,0 0 0 sq uare -fo ot b uild in g, ancilla ry build in gs and str u ctu re s, im pro ve m ents and appu rte na nce s (in clu din g am ong o th er t h in gs majo r new build in g addit io ns, re nova tio n s and im pro ve m en ts and in sta ll a tio n of sit e i m pro ve m ents , fix tu re s, syste m s and majo r mach in ery and equip m ent) , all on an aggre g ate sit e o f a ppro xim ate ly 11 2 acre s in th e Trip ort In dustr ia l Park Subdiv is io n (b e in g th e fo rm er Cla rk E quip m ent Com pany pro perty ) in th e County (c o lle ctiv e ly th e "P ro je ct" ) fo r use by Louis vill e F org e a nd Gear Work s, In c. (th e "C om pany"), in th e man ufa ctu re of meta l pro ducts and fo r r e la te d p urp ose s and activ it ie s; and W HER EAS, by Ord in ance No. 96-0 10 ad opte d by th e Is su er's Fis ca l Court on S epte m ber 23, 1996, at th e Com pany's re quest, th e Is su er ap pro ve d th e assig n m en t of th e B ond t o K eyB ank Natio nal Asso cia tio n, as agent fo r it s e lf an d oth ers , fr o m th e hold er, Natio n al C it y B ank of Kentu cky (fo rm erly Natio nal Cit y Bank, Ken tu cky) (th e "B ank"), to ge th er wit h a m endm ents to ce rta in docu m ents re la tin g to th e se cu rit y and ad m in is tr a tio n of th e Bon d; h ow eve r, su ch assig nm ent and am endm ents were not ca rr ie d out and no actio n was ta ke n p urs u ant to auth orit y of Ord in ance No. 96-0 10; an d W HER EAS, th e Com pany has in fo rm ed th e Is su er th at it now desir e s to am end ce rta in d ocu m ents re la te d to th e is su ance of th e Bond (w it h th e Ban k co n tin uin g as hold er of th e Bon d), t o c a use th e su bstit u tio n of a new Kentu cky lim it e d lia b ilit y co m pan y, Louis ville Forg e and Gear W ork s, L LC , as le sse e under th e Lease Agre em en t se cu rin g th e Bon d and to re p eal Ord in ance N o. 9 6-0 10 adopte d Septe m ber 23, 1996; and th e Com pany has fu rth er re que ste d th at th e I s su er a uth oriz e and appro ve all su ch actio ns; and
