• ORDINANCE NO. 85, 2017

ORDINANCE NO. 85, 2017
AN ORDINANCE OF THE
CITY OF ASHLAND, KENTUCKY
AU-THORIZING THE ISSUANCE OF GENERAL OBLIGATION BONDS, SERIES 2017 IN THE AGGREGATE PRINCIPAL AMOUNT OF APPROXIMATELY $4,635,000 (WHICH AMOUNT MAY BE INCREASED OR DECREASED BY UP TO $465,000) FOR THE PURPOSE OF PROVIDING REDEVELOPMENT ASSIS-TANCE FOR A CAPITAL PROJECT LOCATED WITHIN THE ASHLAND PLAZA DEVELOPMENT AREA; APPROVING THE FORM OF BONDS; AUTHORIZING DESIGNATED OFFICERS TO EXECUTE AND DELIVER THE BONDS; AUTHORIZING AND DIRECTING THE FILING OF NOTICE WITH THE STATE LOCAL DEBT OFFICER; PROVIDING FOR THE PAYMENT AND SECU-RITY OF THE BONDS; CREATING A BOND PAYMENT FUND; MAINTAINING THE HERETOFORE ESTABLISHED SINKING FUND; AUTHORIZING ACCEPTANCE OF THE BID OF THE BOND PURCHASER FOR THE PURCHASE OF THE BONDS FOLLOWING THE ADVERTISED SALE OF THE BONDS; AND REPEALING INCONSISTENT ORDINANCES.
Stephen E. Gilmore Mayor
ATTEST:
Susan W. Maddix City Clerk
ADOPTED BY THE BOARD OF COMMISSIONERS: August 10, 2017 READOPTED BY THE BOARD OF COMMISSIONERS: August 24, 2017 Published: December 7, 2017
CERTIFICATION
This is to certify that the title of Ordinance No. 85, 2017 is a true and accurate summary of the contents of the ordinance prepared by the Legal Department of the City of Ashland, Kentucky, consisting of attorneys licensed to practice law in the Commonwealth of Kentucky.
John F. Vincent
John F. Vincent Corporation Counsel
Subscribed and sworn to before me by John F. Vincent this 25th day of August, 2017. My commission as a Notary Public will expire June 17, 2021.
Kandi L. Hale
KANDI L. HALE
NOTARY PUBLIC
STATE OF KENTUCKY AT LARGE
ID #578067
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PostedDecember 07, 2017