St. Charles Parish - File #: 2007-0158

• File #: 2007-0158
• Version: 2
• Name: Authorize the issuance of not to exceed One Hundred Million Dollars ($100,000,000) of Qualified Gulf Opportunity Zone Revenue Bonds
• Type: Ordinance
• Status: Enacted
• File created: 5/7/2007
• In control: Parish Council
• Final action: 5/21/2007
• Enactment date: 5/21/2007
• Enactment #: 07-5-8
• Title: An ordinance authorizing the issuance of not to exceed One Hundred Million Dollars ($100,000,000) 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 Financing Agreement and a Trust Indenture to secure the Bonds; acknowledging and accepting the benefits of a Guaranty Agreement and mortgages; authorizing the appropriate officers of the Parish to execute the aforementioned instruments and all other documents and certificates deemed necessary in connection therewith; and providing for other matters with respect to the foregoing.
• Sponsors: Albert D. Laque, Bond Counsel
• Indexes: Bonds, GO Zone (REG Destrehan, LLC)
• Related files: 2007-0173, 2007-0181, 2010-0137

Date	Ver.	Action By	Action	Result
5/22/2007	2	Parish President	Approved by the Par. Pres.
5/21/2007	1	Parish Council	Amended	Pass
5/21/2007	2	Parish Council	Public Hearing Requirements Satisfied
5/21/2007	2	Parish Council	Approved as Amended	Pass
5/7/2007	1	Parish President	Introduced
5/7/2007	1	Parish Council	Publish/Scheduled for Public Hearing

2007-0158
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO. ______
Title
An ordinance authorizing the issuance of not to exceed One Hundred Million Dollars ($100,000,000) 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 Financing Agreement and a Trust Indenture to secure the Bonds; acknowledging and accepting the benefits of a Guaranty Agreement and mortgages; authorizing the appropriate officers of the Parish to execute the aforementioned instruments and all other documents and certificates deemed necessary in connection therewith; 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 to be dated as of June 1, 2007 (the "Financing Agreement"), by and among the Parish, REG Destrehan, LLC, and REG Emporia, LLC, both of which are Iowa limited liability companies, or related entity or entities (the "Companies"), the Parish ...