2010-0137
INTRODUCED BY: V.J. ST. PIERRE, JR., PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO.
Title
An ordinance authorizing the issuance and sale of not to exceed One Hundred Million Dollars ($100,000,000) of Qualified Gulf Opportunity Zone Revenue Bonds (REG Destrehan, LLC Project) Series 2010, 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; 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 (the "Financing Agreement"), by and between the Parish and REG Destrehan, LLC, an Iowa limited liability company, or a related entity or entities (the "Company"), the Parish proposes to issue revenue bonds which will enable the Parish to finance the cost of a project consisting of the acquisition, developm...
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