2021-0049
INTRODUCED BY: MATTHEW JEWELL, PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO.
Title
A RESOLUTION AUTHORIZING THE CONSOLIDATED WATERWORKS AND WASTEWATER DISTRICT NO. 1 OF THE PARISH OF ST. CHARLES, LOUISIANA TO MAKE APPLICATION TO THE STATE BOND COMMISSION FOR CONSENT AND AUTHORITY TO ISSUE NOT TO EXCEED $16,000,000 TAXABLE WATER REVENUE REFUNDING BONDS, SERIES 2021, OF THE CONSOLIDATED WATERWORKS AND WASTEWATER DISTRICT NO. 1 OF THE PARISH OF ST. CHARLES, LOUISIANA (THE "ISSUER"), FOR THE PURPOSE OF PROVIDING SUFFICIENT FUNDS TO (I) ADVANCE REFUND A PORTION OF THE OUTSTANDING PRINCIPAL AMOUNT OF THE $22,170,000 WATER REVENUE REFUNDING BONDS, SERIES 2015, OF THE ISSUER, (II) PROVIDE FOR A DEBT SERVICE RESERVE FUND, IF NECESSARY, AND (III) PAY THE COST OF ISSUANCE OF THE SERIES 2021 REFUNDING BONDS; AND PROVIDING FOR OTHER MATTERS RELATED THERETO.
Body
BE IT RESOLVED by the Parish Council of the Parish of St. Charles, Louisiana acting as governing authority of the Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana (the "Governing Authority"), as follows:
Section 1. Application be and the same is hereby made to the State Bond Commission, Baton Rouge, Louisiana, for consent and authority to issue, sell and deliver not to exceed $16,000,000 of Taxable Water Revenue Refunding Bonds, Series 2021 (the "Series 2021 Refunding Bonds") of the Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana (the "Issuer") under the authority of Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority, for the purpose of providing sufficient funds to (i) advance refund all or a portion of the outstanding principal amount of the $22,170,000 Water Revenue Refunding Bonds, Series 2015, of the Issuer, maturing July 1, 2030, July 1, 2035 and July 1, 2036 in the aggregate principal amount of $12,490,000 (the "R...
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