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A resolution approving the issuance of Public Facility Revenue Refunding Bonds (Arena Project), Series 2021B (Federally Taxable) by The Sports Authority of The Metropolitan Government of Nashville and Davidson County, authorizing the Metropolitan Government's execution and delivery of a Supplemental Trust Indenture relating thereto; authorizing the pledge of certain of the Metropolitan Government's revenues as security for the bonds; and authorizing an official statement to be distributed in connection with the sale of the bonds.
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WHEREAS, The Sports Authority of The Metropolitan Government of Nashville and Davidson County (the "Authority") has been formed pursuant to Title 7, Chapter 67, Tennessee Code Annotated (the "Act"), by The Metropolitan Government of Nashville and Davidson County (the "Metropolitan Government") for the purposes set forth in the Act; and
WHEREAS, the Authority is authorized by the Act and deems it necessary and desirable to issue its revenue bonds to (i) refund all or a portion of the Authority's outstanding Public Facility Revenue Improvement Bonds, Series 2013A (Taxable), dated August 20, 2013 (the "Outstanding Bonds"), the proceeds of which were used to finance the construction of an ice skating and hockey facility in Antioch, currently known as Ford Ice Center Antioch (the "Project"), and (ii) pay costs incident to the issuance and sale of the bonds; and
WHEREAS, the Authority has heretofore entered into a Trust Indenture, dated as of June 1, 1998 (the "Original Indenture"), by and among the Authority, The Metropolitan Government of Nashville and Davidson County Tennessee (the "Metropolitan Government") and U.S. Bank National Association, as successor trustee to SouthTrust Bank, National Association (the "Trustee"), as heretofore amended and supplemented by a First Supplemental Trust Indenture, dated as of January 19, 2012 (the "First Supplemental Indenture"), and a Second Supplemental Trust Indenture, dated as of August 20...
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