St. Charles Parish - File #: 2021-0143

• File #: 2021-0143
• Version: 2
• Name: Incurring of debt & issuance of not to exceed Sixteen Million Dollars ($16,000,000) aggregate principal amount of Taxable Water Revenue Refunding Bonds, Series 2021 of Consolidated Waterworks and Wastewater District No. 1
• Type: Ordinance
• Status: Enacted
• File created: 5/17/2021
• In control: Parish Council
• On agenda: 6/7/2021
• Final action: 6/7/2021
• Enactment #: 21-6-1
• Title: An ordinance providing for the incurring of debt and issuance of not to exceed Sixteen Million Dollars ($16,000,000) aggregate principal amount of Taxable Water Revenue Refunding Bonds, Series 2021 of Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana, prescribing the form, terms and conditions of the Bonds and the security therefor; designating the date, denomination and place of payment of such Bonds; providing for the payment of such Series 2021 Bonds in principal and interest; approving and confirming the sale of such Series 2021 Bonds; and providing for other matters with respect to the Series 2021 Bonds.
• Sponsors: Matthew Jewell, Bond Counsel
• Indexes: Bonds, Sewerage (Dept. of), Waterworks (Dept. of)
• Related files: 2006-0397, 2006-0398, 2007-0013, 2021-0049

Date	Ver.	Action By	Action	Result
6/8/2021	2	Parish President	Approved by the Par. Pres.
6/7/2021	1	Parish Council	Amended	Pass
6/7/2021	1	Parish Council	Amended
6/7/2021	2	Parish Council	Public Hearing Requirements Satisfied
6/7/2021	2	Parish Council	Approved as Amended	Pass
5/17/2021	1	Parish Council	Publish/Scheduled for Public Hearing
5/17/2021	1	Parish President	Introduced

2021-0143
INTRODUCED BY: MATTHEW JEWELL, PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO. ___________
Title
An ordinance providing for the incurring of debt and issuance of not to exceed Sixteen Million Dollars ($16,000,000) aggregate principal amount of Taxable Water Revenue Refunding Bonds, Series 2021 of Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana, prescribing the form, terms and conditions of the Bonds and the security therefor; designating the date, denomination and place of payment of such Bonds; providing for the payment of such Series 2021 Bonds in principal and interest; approving and confirming the sale of such Series 2021 Bonds; and providing for other matters with respect to the Series 2021 Bonds.
Body
WHEREAS, Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana (the "Issuer") now owns and operates a utilities system as a single revenue producing public utility, consisting of the combined waterworks plants and systems (collectively, the "System"); and,
WHEREAS, the Issuer has heretofore issued $22,170,000 aggregate principal amount of Water Revenue Refunding Bonds, Series 2015, dated March 3, 2015 (the "2015 Bonds"), which bonds are payable by an irrevocable pledge and dedication from the income and revenues derived or to be derived from the operation of the Issuer's combined waterworks plants and systems as a single revenue producing public utility (the "System"), after provisions have been made for payment therefrom of the reasonable expenses of administration, operation and maintenance of the System, pursuant to the provisions of the constitution and statutes of the State of Louisiana; and,
WHEREAS, in order to provide debt service savings, the Issuer, acting through its governing authority, the Parish Council of St. Charles Parish, State of Louisiana (the "Governing Authority") now desires to refund all or a portion of the Series 2015 Bo...