St. Charles Parish - File #: 2017-0001

• File #: 2017-0001
• Version: 1
• Name: Preliminary approval to the issuance of Taxable Limited Tax Bonds, application to Commission for approval of Bonds; employment of bond counsel, and providing for other matters
• Type: Resolution
• Status: Approved
• File created: 1/9/2017
• In control: Parish Council
• On agenda: 1/9/2017
• Final action: 1/23/2017
• Enactment #: 6262
• Title: A resolution giving preliminary approval to the issuance of not to exceed Eight Million Dollars ($8,000,000) of Taxable Limited Tax Bonds, of the Parish of St. Charles, State of Louisiana; making application to the State Bond Commission for approval of said Bonds; providing for the employment of bond counsel and providing for other matters in connection therewith.
• Sponsors: Lawrence 'Larry' Cochran, Bond Counsel
• Indexes: Bonds, Sewerage (Dept. of), Waterworks (Dept. of)

Date	Ver.	Action By	Action	Result
1/26/2017	1	Parish President	Approved by the Par. Pres.
1/23/2017	1	Parish Council	Removed from the Table	Pass
1/23/2017	1	Parish Council	Amended	Pass
1/23/2017	1	Parish Council	Approved as Amended	Pass
1/23/2017	1	Parish Council	Amended
1/23/2017	1	Parish Council	Removed from the Table
1/9/2017	1	Parish Council	Tabled.	Pass
1/9/2017	1	Parish Council	Tabled.
1/9/2017	1	Parish President	Introduced

2017-0001
INTRODUCED BY: LARRY COCHRAN, PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO.
Title
A resolution giving preliminary approval to the issuance of not to exceed Eight Million Dollars ($8,000,000) of Taxable Limited Tax Bonds, of the Parish of St. Charles, State of Louisiana; making application to the State Bond Commission for approval of said Bonds; providing for the employment of bond counsel and providing for other matters in connection therewith.
Body
BE IT RESOLVED by the St. Charles Parish Council (the "Governing Authority"), acting as the governing authority for the Parish of St. Charles, State of Louisiana, that:
SECTION 1. Preliminary Approval of the Bonds. Preliminary approval is given to the issuance of not exceeding Eight Million Dollars ($8,000,000) of Taxable Limited Tax Bonds (the "Bonds") of the Parish of St. Charles, State of Louisiana (the "Issuer"), pursuant to Section 2304 of Title 30 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, for the purpose of acquiring, constructing and improving wastewater facilities and systems in the Parish, including those owned and operated by Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana, and paying the cost of issuance, said Bonds to be payable from and secured by an irrevocable pledge and dedication of the funds to be derived by the Issuer from the levy and collection of an (a) two and two-tenths (2.20) mills tax authorized at an election held on May 2, 2015 (such rate being subject to adjustment from time to time due to reassessment), which the Issuer is authorized to impose and collect in the years 2016 through 2044 (the "Tax"), and limited to the extent such levy would cause the combined millage levied to pay debt service on the Parish's General Obligation Refunding Bonds, Series 2012, and the millage from the Tax to total more than 2.20 mills in such year, adjusted as provided in...