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A resolution reducing the authority of The Metropolitan Government of Nashville and Davidson County to issue general obligations bonds pursuant to certain initial resolutions previously adopted by the Metropolitan County Council.
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WHEREAS, the Metropolitan County Council has from time to time authorized the issuance of general obligations bonds to finance certain public works projects; and,
WHEREAS, the Metropolitan County Council previously adopted Resolutions Nos. RS2009-746 on June 9, 2009, RS2010-1363 on September 21, 2010, RS2012-276 on June 19, 2012, RS2013-559 on February 5, 2013, RS2013-710 on June 11, 2013, RS2014-963 on February 4, 2014, RS2015-1500 on June 9, 2015, RS2016-245 on June 21, 2016, RS2017-713 on June 13, 2017, and RS2017-963 on November 21, 2017, and also adopted Substitute Resolutions Nos. RS2020-213 on March 17, 2020, and RS2021-757 on March 2, 2021, (collectively, the "Initial Resolutions"), to authorize the issuance of general obligations bonds for certain public works projects in an aggregate amount not to exceed $3,619,066,000.00 (the "Authorized Amount"); and,
WHEREAS, the Metropolitan County Council previously adopted Resolutions Nos. RS2018-1453 on October 16, 2018, RS2019-99 on November 19, 2019, RS2021-758 on February 6, 2021, and RS2023-1979 on February 21, 2023, that reduced the Authorized Amount, in the aggregate, for the herein referenced Initial Resolutions from $3,619,066,000.00 to $3,606,922,657.72; and,
WHEREAS, certain projects identified in the Initial Resolutions were completed or are on target to be completed at a cost less than the Authorized Amount resulting in a savings of $14,316,469.97, as provided for in Exhibit A attached hereto and incorporated herein; and,
WHEREAS, the Metropolitan County Council desires to reduce the authority to issue general obligation bonds under the Initial Resolutions by an additional $14,316,469.97 (the "New Reduction"), reflecting a change in the Authorized Amount to...
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