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File #: RS2023-1978    Name:
Type: Resolution Status: Passed
File created: 1/27/2023 In control: Budget and Finance Committee
On agenda: 2/21/2023 Final action: 2/21/2023
Title: An initial resolution determining to issue general obligation bonds of The Metropolitan Government of Nashville and Davidson County in an aggregate principal amount of not to exceed $478,540,000.
Sponsors: Kevin Rhoten, Jennifer Gamble
Attachments: 1. Exhibit A, 2. Exhibit B, 3. Exhibit C, 4. Amendment No. 1 to RS2023-1978
title
An initial resolution determining to issue general obligation bonds of The Metropolitan Government of Nashville and Davidson County in an aggregate principal amount of not to exceed $478,540,000.
body
WHEREAS, it is necessary and in the public interest of The Metropolitan Government of Nashville and Davidson County (the "Metropolitan Government") to issue general obligation bonds in an aggregate principal amount of not to exceed $478,540,000 (the "Bonds") for the purposes hereinafter provided; and,
WHEREAS, pursuant to Section 9-21-205, Tennessee Code Annotated, prior to the issuance of any general obligation bonds, the governing body of the local government proposing to issue said bonds shall adopt a resolution determining to issue the same; and,
WHEREAS, for the purpose of complying with the requirements of said statute, the Metropolitan County Council of the Metropolitan Government adopts this Resolution.
NOW, THEREFORE BE IT RESOLVED BY THE METROPOLITAN COUNTY COUNCIL OF THE METROPOLITAN GOVERNMENT OF NASHVILLE AND DAVIDSON COUNTY:
Section 1. Purpose. For the purposes of financing (a) all or a portion of the costs of the acquisition of land for and the planning, design, development, construction, renovation, modification, improvement, upgrade, expansion, repair, maintenance, rehabilitation, equipping and/or acquisition of the following public works projects (as defined in Section 9-21-105, Tennessee Code Annotated): (1) school buildings, facilities, and vehicles, including monies for ADA compliance, environmental remediation, and technology facility infrastructure improvements; (2) new Juvenile Justice Center; (3) bikeways, sidewalks, roads, streets and rights-of-way, including streetscape improvements, street lights, drainage improvements, lighting, signage and signalization, roadway improvement related to traffic management and traffic calming; (4) facilities related to transit centers and shelter improvements; (5) public transportation (including m...

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