O-064-23: AN ORDINANCE APPROVING THE 2023 PROGRAM NOTE RESOLUTION ADOPTED BY THE BOARD OF THE LOUISVILLE AND JEFFERSON COUNTY METROPOLITAN SEWER DISTRICT REAUTHORIZING AND RENEWING THE DISTRICT’S COMMERCIAL PAPER AND DIRECT PURCHASE NOTE PROGRAM FOR AN ADDITIONAL TERM OF UP TO FIVE YEARS, THROUGH THE ISSUANCE OF THE DISTRICT’S SEWER AND DRAINAGE SYSTEM SUBORDINATED PROGRAM NOTES IN A MAXIMUM OUTSTANDING PRINCIPAL AMOUNT OF $500,000,000, FOR THE PURPOSES OF (I) REFUNDING ALL COMMERCIAL PAPER NOTES AND DIRECT PURCHASE NOTES ISSUED AND OUTSTANDING UNDER THE PRIOR PROGRAM AND (II) FINANCING ALL OR A PORTION OF THE COSTS OF THE ACQUISITION, CONSTRUCTION, INSTALLATION, AND EQUIPPING OF IMPROVEMENTS, ADDITIONS, OR EXTENSIONS TO THE DISTRICT’S SEWER AND DRAINAGE SYSTEM, INCLUDING ALL CAPITAL ASSETS AND FACILITIES INCIDENT AND RELATED TO THE OPERATION, MAINTENANCE, AND ADMINISTRATION THEREOF; AND PROVIDING FOR THE ISSUANCE AND SALE OF THE PROGRAM NOTES BY THE DISTRICT UNDER AND IN ACCORDANCE WITH THE 2023 PROGRAM NOTE RESOLUTION.
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