HomeMy WebLinkAboutMO # 103910 UNNI to) I
A MUNICIPAL ORDER AUTHORIZING REIMBURSEMENT OF
PRE -ISSUANCE EXPENSES FROM THE PROCEEDS OF BOND FOR UTILITY
IMPROVEMENTS, BUILDING CONSTRUCTION, LAND ACQUISITION AND
OTHER IMPROVEMENTS RELATED TO ECONOMIC DEVELOPMENT.
y'
BE IT ORDERED BY THE CITY OF PADUCAH, KENTUCKY:
SECTION 1. An order of the Board of Commissioners of the City of
Paducah, Kentucky setting forth the official intent of the Board required under Federal
Income Tax Regulations, Section 1.150-2 to seek reimbursement from the proceeds of a
City of Paducah, (Kentucky) General Obligation Bonds, Series of 2004 Bonds issued by
the City of Paducah, Kentucky, for any monies advanced by the Board from the Board's
General Fund in anticipation of the issuance of said bonds for building construction,
utility improvements, land acquisition and other improvements related to economic
development not to exceed $1 million.
SECTION 2. This Municipal Order shall be effective from and after the
date of its adoption.
ATTEST:
Jun /I')'1Gi oZ/ - &Uk.
Tammara Brock, City Clerk
Adopted by the Board of Commissioners February 17, 2004
Recorded by Tammara Brock, City Clerk, February 17, 2004
\mo\bond-econ dev reimbursement
N
223