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Resolution authorizing the issuance, sale and payment of general obligation improvement bonds in an aggregate principal amount not to exceed $660,000,000; and providing for the levy of ad valorem taxes for the payment of debt service on the bonds.
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Resolution authorizing the issuance, sale and payment of general obligation improvement bonds in an aggregate principal amount not to exceed $660,000,000; and providing for the levy of ad valorem taxes for the payment of debt service on the bonds.
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 (as hereafter defined) hereby finds that it is in the best interest of the Metropolitan Government to (a) finance the costs of a portion of the public works projects authorized by the following initial resolutions of the Metropolitan Council: Resolutions No. RS2009-746; RS2010-1363; RS2012-276; RS2013-559; RS2013-710, RS2014-1126, RS2015-1500, RS2016-245, RS2017-713, RS2017-963, RS2018-1328, RS2018-1454, RS2019-100, RS2020-213, RS2021-757, RS2021-1201, RS2022-1452, RS2023-1978, RS2024-194, RS2024-882, RS2025-1660, as each may have been supplemented and/or amended, and any other initial resolutions hereafter adopted by the Metropolitan Council and published without protest as required by Title 9, Chapter 21, Tennessee Code Annotated (collectively, the "Initial Resolutions"), and (b) retire all or a portion of its outstanding general obligation commercial paper bond anticipation notes (the "Commercial Paper"), which were issued pursuant to the Initial Resolutions and the Commercial Paper authorizing resolutions, namely Resolutions No. RS2024-297 and ...
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