title
A Thirty-First Supplemental Electric System Revenue Bond Resolution supplementing certain resolutions of The Metropolitan Government of Nashville and Davidson County by authorizing the issuance of Electric System Revenue Bonds, 2024 Series A, and Electric System Revenue Refunding Bonds, 2024 Series B, as requested by the Electric Power Board of The Metropolitan Government of Nashville and Davidson County
body
WHEREAS, under authority conferred by Appendix III of the Charter of The Metropolitan Government of Nashville and Davidson County and the laws of the State of Tennessee, the Metropolitan Council adopted Substitute Resolution No. R85-746 on November 5, 1985; and
WHEREAS, the Electric Power Board of The Metropolitan Government of Nashville and Davidson County (i) has determined by resolution duly adopted at its meeting of November 15, 2023 that it is in the best interest of the electric system under its control to issue revenue bonds in an amount not to exceed $325,000,000, such bonds to be designated as the Electric System Revenue Bonds, 2024 Series A, the proceeds thereof to be used (A) for payment of certain improvements to such electric system, (B) for payment of interest on such 2024 Series A Bonds during the construction period for such improvements and six (6) months thereafter, in such amount, if any, as determined by the Electric Power Board of The Metropolitan Government of Nashville and Davidson County, (C) for making the deposit, if required, into the Debt Service Reserve Account established pursuant to, and in accordance with the provisions of, such Substitute Resolution No. R85-746, as heretofore supplemented and amended and as supplemented hereby, and (D) for payment of the administrative, legal, financing and other expenses incurred in connection with the issuance of such 2024 Series A Bonds, in such amount, if any, as determined by the Electric Power Board of The Metropolitan Government of Nashville and Davidson County; (ii) has determ...
Click here for full text