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Resolution authorizing and providing for the issuance and sale of general obligation bond anticipation notes in a principal amount not to exceed $375,000,000 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 liquidity 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 general obligation bonds, and in anticipation thereof to issue and sell from time to time general obligation bond anticipation notes, to finance the costs of "public works projects", as defined by Section 9-21-105 of the Act; and
WHEREAS, in order to provide financing for such costs for which general obligation bonds and bond anticipation notes have been authorized by initial resolution of the Metropolitan County Council, 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 general obligation bond anticipation notes of the Metropolitan Government, in the form of commercial paper; and
WHEREAS, the Metropolitan Government has previously authorized and issued its general obligation bond anticipation notes ("Prior Notes") pursuant to Resolution No. RS2021-963 adopted by the Metropolitan County Council on June 1, 2021, as amended; and
WHEREAS, the Metropolitan Government desires to refinance all Prior Notes outstanding under Resolution No. RS2021-963 by the issuance of notes authorized hereunder; and
WHEREAS, the Metropolitan Government desires to authorize the execution and delivery of agreements in connection with the notes authorized hereunder...
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