title
Resolution amending Resolution RS2015-1417, as heretofore supplemented and amended, to extend the duration of the water and sewer revenue extendable commercial paper program of The Metropolitan Government of Nashville and Davidson County and to increase the size of said water and sewer revenue extendable commercial paper program from a maximum aggregate principal amount not to exceed $200 million to a maximum aggregate principal amount not to exceed $300 million.
body
WHEREAS, pursuant to the provisions of Title 9, Chapter 21, Tennessee Code Annotated (the "Act"), and Metropolitan County Council Resolution No. RS2015-1417, as heretofore supplemented and amended by Metropolitan County Council Resolution No. RS2018-1253, Substitute Resolution No. RS2021-906 and Resolution No. RS2021-1281 (together, the "Extendable CP Resolution"), The Metropolitan Government of Nashville and Davidson County (the "Metropolitan Government") has heretofore authorized the issuance of up to $200 million at any time of water and sewer revenue extendable commercial paper notes (the "ECP Notes"), provided that such ECP Notes finally mature no later than January 1, 2026; and
WHEREAS, the Metropolitan Government desires to amend the Extendable CP Resolution to extend the final maturity of such ECP Notes to March 1, 2031; and
WHEREAS, the Metropolitan Government further desires to amend the Extendable CP Resolution to increase to $300 million the maximum aggregate principal amount of ECP Notes that may be issued thereunder; and
WHEREAS, the Extendable CP Resolution may be amended, pursuant to Section 6.01 thereof, to extend the final maturity of the ECP Notes insofar as such amendment does not affect the holders of any Outstanding ECP Notes, all of which mature prior to the current final maturity date; and
WHEREAS, the Extendable CP Resolution may be further amended, pursuant to Section 6.01 thereof, to increase the maximum aggregate principal amount of ECP Notes issued thereunder, up...
Click here for full text