St. Charles Parish - File #: 2017-0196

• File #: 2017-0196
• Version: 1
• Name: Preliminary approval the issuance of not to exceed $15,000,000 of Limited Tax Revenue Bonds, make application to the State Bond Commission; provide the designation and employment of bond counsel, and provide for other matters in connection therewith
• Type: Resolution
• Status: Approved
• File created: 6/5/2017
• In control: Parish Council
• On agenda: 6/5/2017
• Final action: 6/5/2017
• Enactment #: 6292
• Title: A resolution giving preliminary approval to the issuance of not to exceed Fifteen Million Dollars ($15,000,000) of Limited Tax Revenue 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 designation and employment of bond counsel, underwriter and municipal advisor and providing for other matters in connection therewith.
• Sponsors: Lawrence 'Larry' Cochran, Bond Counsel
• Indexes: Bonds, Taxes
• Related files: 1999-4758, 1999-4935, 1999-4958, 2000-0063, 2002-0138, 2002-0448, 2002-0511, 2006-0054, 2012-0060, 2003-0075, 2004-0119, 2004-0390, 2006-0282, 2013-0208, 2014-0103, 2015-0173, 2016-0248, 2017-0223, 2017-0245, 2017-0277, 2019-0221, 2000-0266, 2020-0156, 2021-0020

Date	Ver.	Action By	Action	Result
6/7/2017	1	Parish President	Approved by the Par. Pres.
6/5/2017	1	Parish Council	Approved 1	Pass
6/5/2017	1	Hurricane Protection Projects Committee	Discussed.
6/5/2017	1	Parish President	Introduced

2017-0196
INTRODUCED BY: LARRY COCHRAN, PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO.
Title
A resolution giving preliminary approval to the issuance of not to exceed Fifteen Million Dollars ($15,000,000) of Limited Tax Revenue 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 designation and employment of bond counsel, underwriter and municipal advisor 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 Fifteen Million Dollars ($15,000,000) of Limited Tax Revenue Bonds (the "Bonds") of the Parish of St. Charles, State of Louisiana (the "Issuer"), pursuant to Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, for the purpose of paying costs of constructing, acquiring, extending and/or improving levees, facilities and structures associated with outer flood protection systems within the Issuer and paying the costs of issuance of the Bonds, 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 a special tax of 4.07 mills, authorized to be collected in the years 2015 through 2044 pursuant to election held on May 2, 2015, at the rate of 4.00 mills (the rate of which is subject to adjustment from time to time due to reassessment and has been subsequently levied at the rate of 4.07 mills due to reassessment) (the "Tax"). The Bonds will bear interest at a rate or rates not to exceed six percent (6%) per annum, to mature over a period not exceeding twenty (20) years from the date thereof.
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