St. Charles Parish - File #: 2010-0368

• File #: 2010-0368
• Version: 1
• Name: Issuance and sale of not exceeding $300,000,000 of Parish of St. Charles, State of Louisiana Gulf Opportunity Zone Revenue Bonds (Valero Energy Corporation Project) Series 2010
• Type: Resolution
• Status: Approved
• File created: 10/18/2010
• In control: Parish Council
• Final action: 10/18/2010
• Enactment date: 10/18/2010
• Enactment #: 5779
• Title: A resolution approving the issuance and sale of not exceeding $300,000,000 of Parish of St. Charles, State of Louisiana Gulf Opportunity Zone Revenue Bonds (Valero Energy Corporation Project) Series 2010; applying to the State Bond Commission; authorizing the appropriate officers of said Parish to execute all ­instruments, documents and certificates deemed necessary in connection therewith; and providing for other matters with respect to the foregoing.
• Sponsors: V.J. St. Pierre Jr., Bond Counsel
• Indexes: Bonds, GO Zone (Valero Energy Corp.)
• Related files: 2010-0369

Date	Ver.	Action By	Action	Result
10/19/2010	1	Parish President	Approved by the Par. Pres.
10/18/2010	1	Parish President	Introduced
10/18/2010	1	Parish Council	Public Hearing Requirements Satisfied
10/18/2010	1	Parish Council	Approved 1	Pass

2010-0368
INTRODUCED BY: V.J. ST. PIERRE, JR., PARISH PRESIDENT
(BOND COUNSEL)
RESOLUTION NO.
Title
A resolution approving the issuance and sale of not exceeding $300,000,000 of Parish of St. Charles, State of Louisiana Gulf Opportunity Zone Revenue Bonds (Valero Energy Corporation Project) Series 2010; applying to the State Bond Commission; authorizing the appropriate officers of said Parish to execute all ­instruments, documents and certificates deemed necessary in connection therewith; and providing for other matters with respect to the foregoing.
Body
WHEREAS, the Parish of St. Charles, State of Louisiana (the "Issuer" or the "Parish"), is authorized and empowered by law, including particularly the provisions of Sections 991 to 1001, inclusive, of Title 39 of the Louisiana Revised Statutes of 1950, as amended (the "Act"), to issue its revenue bonds for the purpose of using the funds derived from the sale thereof to acquire, purchase, construct or improve and sell, lease or otherwise dispose of industrial plant sites and industrial plant buildings, and necessary property and appurtenances thereto; and
WHEREAS, Valero Energy Corporation, a Delaware corporation (together with any related entity, the "Company"), has requested that the Issuer issue its revenue bonds the purpose of financing a portion of the costs of the acquisition, construction and installation of an expansion of its existing refinery located in St. Charles Parish including a Hydrocracker unit (HCU) to increase the complexity and volume of the refinery (the "Project"), constituting nonresidential real property to be located in the geographical limits of St. Charles Parish in the Gulf Opportunity Zone as provided in the Gulf Opportunity Zone Act of 2005, and paying the costs of issuance of such Bonds, through the issuance by the Issuer of not exceeding $300,000,000 aggregate principal amount of Parish of St. Charles, State of Louisiana Gulf Opportunity Zone Revenue Bonds (Valero...