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Resolution authorizing the issuance, sale and payment of general obligation improvement bonds in an aggregate principal amount of not to exceed $650,000,000; and providing for the levy of taxes for the payment of debt service on the bonds.
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WHEREAS, the Metropolitan Government is authorized under the Act and the Charter (as such terms are hereafter defined) to issue its general obligation bonds for the purposes of providing long-term financing for public works projects within the Metropolitan Government and retiring its outstanding general obligation bond anticipation notes issued to finance such public works projects; and
WHEREAS, the Metropolitan Council hereby finds that it is in the best interest of the citizens of the Metropolitan Government to (a) finance the costs of a portion of the public works projects authorized by initial Resolutions No. RS2009-746; RS2010-1363; RS2012-276; RS2013-559; RS2013-710, RS2014-963, RS2014-1126, RS2015-1500, RS2016-245, RS2017-713, RS2017-963, RS2018-1328, RS2018-1454, RS2019-100 and RS2020-213 (together, the "Initial Resolutions"); and (b) retire a portion of its outstanding general obligation commercial paper bond anticipation notes (the "Commercial Paper") which were issued to pursuant to commercial paper Resolutions No. RS2017-687 and RS2014-1066 (as amended by Resolutions No. RS2017-688 and RS2020-317) and the Initial Resolutions to finance the costs of a portion of the public works projects authorized by Initial Resolutions; and
WHEREAS, for such purposes, the Metropolitan Council hereby finds it to be in the best interest of the citizens of the Metropolitan Government to issue its general obligation improvement bonds.
NOW THEREFORE, BE IT RESOLVED BY THE METROPOLITAN COUNTY COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY AS FOLLOWS:
DEFINITIONS
Definition of Terms. The following words and terms as used herein, whether or not the words have initia...
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