2007-0181
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO.
Title
An ordinance authorizing and approving the sale of not exceeding Fifty-Five Million Dollars ($55,000,000) of Qualified Gulf Opportunity Zone Revenue Bonds (REG Destrehan, LLC Project) Series 2007A of the Parish of St. Charles, State of Louisiana, approving the form and authorizing the execution and delivery of a Bond Purchase Agreement, a Preliminary Limited Offering Memorandum and a Limited Offering Memorandum; and providing for other matters with respect to the foregoing.
Body
WHEREAS, in order to encourage the location of or addition to industrial enterprises in the Parish of St. Charles, State of Louisiana (the "Parish"), or adjoining thereto, the Parish is authorized and empowered under the laws of the State of Louisiana, including particularly Sections 991 through 1001, inclusive and Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended (the "Act"), and other constitutional and statutory authority, to issue revenue bonds and use the funds derived from the sale of such bonds to acquire, purchase, lease, rent, construct, or improve industrial plant sites and industrial plant buildings, including facilities for the generation of electricity and production of steam and other forms of energy, and pollution abatement and control facilities, and necessary property and appurtenances thereto; and
WHEREAS, pursuant to and in accordance with the provisions of the Act and a Financing Agreement (the "Financing Agreement"), to be entered into by and among the Parish, REG Destrehan, LLC, and REG Emporia, LLC, both of which are Iowa limited liability companies (the "Companies"), the Parish proposes to issue revenue bonds which will enable the Parish to finance the cost of a project consisting of the acquisition, development and construction of a bio-diesel production facility and related facilities, for REG Destrehan, LLC, located in St. ...
Click here for full text