HomeMy WebLinkAbout03/23/87Proceedings of
Board of Commissioners
No.
City of Paducah
March 23. 1987
At a Called Meeting of the Board of Commissioners held in the Commissioner Chambers, at 1:00
p.m. on March 23, 1987, Mayor Viterisi presided and upon call of the roll, the following answered to
their names: Commissioners Cole, Grumley and Mayor Viterisi (3).
Commissioner Cole offered motion, seconded by Commissioner Grumley, that the executed copies
of the Notice of Called Meeting to be held at 1:00 p.m., Monday, March 23, 1987, be received and filed.
Adopted on call of the roll, yeas, Commissioners Cole, Grumley and Mayor Viterisi (3).
Commissioner Cole offered motion, seconded by Commissioner Grumley, that the Board of Commis-
sioners adopt an ordinance entitled, "AN ORDINANCE OF THE CITY OF PADUCAH APPROVING A POOLED LEASE
FINANCING PROGRAM (THE 'PROGRAM') AUTHORIZING (i) THE EXECUTION OF AN AMENDED AND RESTATED INTERLOCAL
COOPERATION AGREEMENT UNDER WHICH THE PROGRAM WILL BE ORGANIZED AND REVENUE BONDS FOR THE FINANCING
THEREOF WILL BE ISSUED; AND (ii) THE ISSUANCE BY THE CITY OF DANVILLE, KENTUCKY, OF 'KENTUCKY MULTI -CITY
LEASE REVENUE BONDS (KENTUCKY MUNICIPAL LEAGUE POOLED FINANCING PROGRAM) SERIES 1987A AND SERIES 1987B'
TO FINANCE A CERTAIN PROJECT OR PROJECTS OF THE CITY DESCRIBED HEREIN AND APPROVING (iii) A FORM OF
LEASE BETWEEN THE KENTUCKY MUNICIPAL FINANCE CORPORATION, AS LESSOR, AND THE CITY, AS LESSEE, FOR USE IN
CONNECTION WITH A POOLED LEASE FINANCING PROGRAM, AND TAKING OTHER RELATED ACTION". This ordinance is
summarized as follows: Authorizing the Mayor and City Clerk to execute the following documents: (1)
Amended and Restated Interlocal Cooperation Agreement among the City and other cities of the Common-
wealth; (2) Lease for financing or refinancing project; (3) All appropriate documents, agreements or
instruments necessary to accomplish all transactions; (4) All contracts, agreements, instruments,
certificates, affidavits and other documents for implementing and effectuating transactions authorized
by this ordinance, Lease, and Restated Agreement; and repealing all resolutions, orders or parts thereof
in conflict with the provisions of this Ordinance. Adopted on call of the roll, yeas, Commissioners
Cole, Grumley and Mayor Viterisi (3).
Upon motion the meeting adjourned.
ADOPTED:
L w
City Clerk Mayor
19
KINIL Pooled Leasing Bond Ord.
(Final Adoption)