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Resolution authorizing and providing for the issuance and sale of water and sewer revenue bond anticipation notes in a principal amount not to exceed $200,000,000 at any one time in the form of commercial paper of The Metropolitan Government of Nashville and Davidson County; authorizing and providing for one or more dealer agreements, issuing and paying agency agreements, and credit facility agreements; and providing for certain other matters related thereto.
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WHEREAS, under the provisions of Title 9, Chapter 21, Tennessee Code Annotated (the "Act"), The Metropolitan Government of Nashville and Davidson County (the "Metropolitan Government") is authorized to issue and sell from time to time its water and sewer revenue bonds, and in anticipation thereof to issue and sell from time to time water and sewer revenue bond anticipation notes, to finance capital improvements to the Metropolitan Government's water and sewer system (the "System", as more fully defined herein) and related costs; and
WHEREAS, in order to provide financing for the cost of capital improvements to the System and related costs for which water and sewer revenue bonds and bond anticipation notes have been authorized to be issued and sold, the Metropolitan County Council deems it advisable and in the best interests of the Metropolitan Government to provide at this time for the issuance and sale from time to time of water and sewer revenue bond anticipation notes of the Metropolitan Government, in the form of commercial paper; and
WHEREAS, the Metropolitan County Council on November 16, 2010 adopted Substitute Resolution No. RS2010-1442 (as subsequently supplemented and amended, the "Water and Sewer Bond Resolution"), authorizing the issuance from time to time of water and sewer revenue bonds upon the adoption by the Metropolitan County Council of a supplemental resolution, providing for the terms of such water and sewer revenue bonds; and
WHEREAS, the Metropolitan County Council on Novem...
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