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An initial resolution determining to issue general obligation bonds of The Metropolitan Government of Nashville and Davidson County in an aggregate principal amount of not to exceed $544,720,000.
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WHEREAS, it is necessary and in the public interest of The Metropolitan Government of Nashville and Davidson County (the “Metropolitan Government”) to issue general obligation bonds in an aggregate principal amount of not to exceed $544,720,000 (the “Bonds”) for the purposes hereinafter provided; and,
WHEREAS, pursuant to Tennessee Code Annotated Section 9-21-205, prior to the issuance of any general obligation bonds, the governing body of the local government proposing to issue said bonds shall adopt a resolution determining to issue the same; and,
WHEREAS, for the purpose of complying with the requirements of said statute, the Metropolitan County Council of the Metropolitan Government adopts this Resolution.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. Purpose. For the purposes of financing: (a) all or a portion of the costs of the acquisition of land for, and the planning, design, development, construction, renovation, demolition, modification, improvement, upgrade, expansion, repair, maintenance, rehabilitation, equipping and/or acquisition of the following public works projects (as defined in Tennessee Code Annotated Section 9-21-105): (1) school buildings, facilities, and grounds, including equipment, furniture, ADA compliance public works projects, safety and security public works projects, technology, infrastructure improvements and replacements, utilities, and school vehicles and fleet; (2) new Juvenile Justice Center and equipment related thereto; (3) demolition of present Juvenile Justice Center; (4) bikeways, greenways, open space, sidewalks, roads, streets, bridges, and rights-of-way, streetscape improvements, paving, street lights, mobility lanes, parking equipment and...
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