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Resolution supplementing and amending Substitute Resolution No. RS2010-1442 to authorize the execution, terms and delivery of a loan agreement by and between the Metropolitan Government and the United States Environmental Protection Agency, acting by and through the Administrator of the Environmental Protection Agency, pursuant to which a loan will be provided in a principal amount not to exceed $315,000,000, providing for the financing of certain water and sewer system projects of the Metropolitan Government, and to authorize the execution, terms, issuance, sale and payment of one or more water and sewer revenue bonds in connection with and as evidence of said loan agreement; and repealing those provisions of Resolution No. RS2011-114 authorizing the issuance of subordinate lien water and sewer revenue bonds.
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WHEREAS, pursuant to the Act and the Charter (as such terms are hereafter defined), the Metropolitan Government of Nashville and Davidson County (the "Metropolitan Government") owns and operates a water and sewer system (the "System");
WHEREAS, the Metropolitan Government is authorized under the Act and the Charter to issue its water and sewer revenue bonds for the purposes of funding capital improvements to the System; and
WHEREAS, the Metropolitan County Council (the "Metropolitan 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 Council of a supplemental resolution, providing for the terms of such water and sewer revenue bonds; and
WHEREAS, the Metropolitan Council on November 16, 2010 adopted Substitute Resolution No. RS2010-1443 (the "First Supplemental Resolution"), authorizing the issuance of water and sewer revenue bonds in multiple series; and
WHEREAS, pursuant to the First Supplemental Resolution, the Metropolitan G...
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