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Resolution amending Resolution RS2014-1066, as amended, to extend the duration of the general obligation extendable commercial paper program of The Metropolitan Government of Nashville and Davidson County.
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WHEREAS, pursuant to the provisions of Title 9, Chapter 21, Tennessee Code Annotated (the "Act"), and Metropolitan Council Resolution No. RS2014-1066, as heretofore amended by Resolution No. RS2017-688 and Resolution No. RS2021-905 (the "Extendable CP Resolution"), The Metropolitan Government of Nashville and Davidson County (the "Metropolitan Government") has heretofore authorized the issuance of up to $325 million at any time of general obligation extendable commercial paper notes (the "Notes"), provided that such Notes finally mature no later than January 1, 2025; and
WHEREAS, the Metropolitan Government desires to extend the final maturity of the Notes to January 31, 2029; and
WHEREAS, the Extendable CP Resolution may be amended, pursuant to Section 6.01 thereof, by extending the final maturity of the commercial paper notes insofar as such amendment does not affect the holders of any outstanding commercial paper notes, all of which mature prior to the current final maturity date.
NOW, THEREFORE, BE IT RESOLVED by the Metropolitan County Council of The Metropolitan Government of Nashville and Davidson County, as follows:
1. Final Maturity Date. The definition of Final Maturity Date as used in the Extendable CP Resolution is hereby changed from January 1, 2025 to January 31, 2029.
2. Effective Date. This Resolution shall take effect immediately upon its adoption.
3. Authorization of Additional Actions. The officers of the Metropolitan Government are hereby authorized to take such actions, and execute and deliver such documents, agreements and certificates, as may be necessary to effectuate the amendment of the Extendable CP Resolution and the ECP Program described herein, including without limitation, (a) amending and/or restating the Dealer Ag...
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