HomeMy WebLinkAboutIssue Industrial Development Bonds 198055
AMENDMENT TO A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE
CITY OF PADUCAH, KENTUCKY PROVIDING FOR THE ISSUANCE OF CITY OF PADUCAH,
KENTUCKY INDUSTRIAL DEVELOPMENT BONDS, 1980 SERIES.,, A_ WAGNER ENTERPRISES
IV , LTD . , PROJECT AND AUTHORIZING THE EXECUTION OF A MEMORANDUM OF
AGREEMENT BY AND BETWEEN THE CITY AND WAGNER ENTERPRISES IV, LTD., RE-
EATING TO THE BOND ISSUE .
_ ~ -
" '": W~IEREAS, a resolii_tion;' tithed ~as" above; was introduced, seconded and
adopted at `a Meetirig'~of the` Board of .Commissioners of~ fhe City of Paducah, Kentucky,
held on the 11th day of:Novexnbe~r, 1980, and -on the.~same`°occasiori' sgried~ in open
session by the Mayor; as evidence of his apprroval,. `attested by the City''Clerk, 'ordered
_ .,
filed as: required by law and declared- ta: be ri -fu1T` force and effect; and
-:. ~ . .
WHEREAS;`-in"sum and substance; ~said~'re'so~luton~ authorized the -City to°
issue City of Paducah Industrial Development Bonds in the amount' of`-Six Hundred" '
Thousand Dollars ($600, 000.00) for use in construction of a thirty-five thousand
(35, 000) square feet warehouse facility by V17agner" "Eriterpriae IV Ltd.; and
WHEREAS, processing of the issuance of said bonds has been unforeseeably
delayed and whereas original cost of the warehouse project appears conservative;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS
OF THE CITY OF PADUCAH as follows:
Said Resoltuion of November 11, 1980, is amended to state as follows:
SECTION '3. For the purpose of paying the cost of the Project, the
City of Paducah Industrial Development Bonds, 1980 Series, a (Wagner
Enterpirses IV , ltd . Project) (the "Bonds") now in an amount
estimated not to exceed seven hundred thousand dollars ($700, 000.00) .
The Bonds shall bear interest at the rates , shall be initially issued
in coupon form, shall be in such denominations, shall be numbered,
shall be dated, shall mature, shall be subject to redemption prior to
maturity, shall have such provisions with respect to registration,
shall be in such form and shall have such other details and provisions
as shall be prescribed by an indenture of Trust (the "Indenture") to be
entered into by the City and a bank acting as Trustee .
Said section being identical to the previous section except for the change from six
hundred thousand dollars ($600, 000.00) to seven hundred thousand dollars ($700, 000. )
INTRODUCED, SECONDED AND ADOPTED AT A MEETING OF THE BOARD
OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY, HELD ON THE 21st
day of April, 1981, on the same occasion signed in open session by the Mayor as
evidence of his approval, attested by the City Clerk, ordered filed as required by
law and declared to be in full force and effect.
(SEAL)
MAYOR
I 56
- ~ ~; .,. , I, -:.the urndersgned;; do hereby certify that I -am the -duly qualified
and' acting City Clerk of- the City' of. Padia.cal; Kentia.cky;_ -and ,as ~ such'_Cty Clerk L -
further certify that:. the foregoing:-;is: a true;: correcf and complete :copy of ~a
Resoletion-duly adopted -by 'the-board of Commissioners of ;said, City at a regular
meeting held on _the 21st day- of-April., 1981, ion` the :sa-me occasion sigried:'by the
Mayor-af -thee--City- and_ now in .:full force--:and:. effect;- a]a as appears from the official
records. of-, s-aid City: in- my possession and under 'mycontrol . _ - - " -
- - IN WITNESS WHEREQ~';; - I, have hereunto set' my hand' and ;affixed- ,the
seal of said City this 21st day; of April,...--1.981::• ° ~,-~~ ~ '
_. _ _ ,
,,' C/ @
..
- - _
~-
City Clerk of the City of Paducah
(SEAL)