St. Charles Parish - File #: 2017-0109

• File #: 2017-0109
• Version: 2
• Name: Authorizing the issuance by SCP of its Taxable Limited Tax Bond, Series 2017, in an amount not to exceed Eight Million Dollars ($8,000,000), prescribing the form, terms and conditions of said Bond
• Type: Ordinance
• Status: Enacted
• File created: 4/3/2017
• In control: Parish Council
• On agenda: 4/17/2017
• Final action: 4/17/2017
• Enactment #: 17-4-5
• Title: An ordinance authorizing the issuance by the Parish of St. Charles, State of Louisiana of its Taxable Limited Tax Bond, Series 2017, in an amount not to exceed Eight Million Dollars ($8,000,000), prescribing the form, terms and conditions of said Bond; providing for the payment thereof; entering into certain other covenants and agreements in connection with the security and payment of said Bond; selling said Bond to the Clean Water State Revolving Fund; authorizing the execution of a Loan and Pledge Agreement and other loan documents with the Louisiana Department of Environmental Quality; providing for the delivery of the Bond to said Department; and providing for other matters in connection therewith.
• Sponsors: Lawrence 'Larry' Cochran, Bond Counsel
• Indexes: Bonds, Sewerage (Dept. of), Waterworks (Dept. of)
• Related files: 2016-0290, 2015-0090, 2016-0399, 2015-0174, 2017-0133, 2022-0094, 2022-0028, 2022-0078

Date	Ver.	Action By	Action	Result
4/19/2017	2	Parish President	Approved by the Par. Pres.
4/17/2017	1	Parish Council	Amended	Pass
4/17/2017	1	Parish Council	Amended
4/17/2017	2	Parish Council	Public Hearing Requirements Satisfied
4/17/2017	2	Parish Council	Approved as Amended	Pass
4/3/2017	1	Parish Council	Publish/Scheduled for Public Hearing
4/3/2017	1	Parish President	Introduced

2017-0109
INTRODUCED BY: LARRY COCHRAN, PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO.
Title
An ordinance authorizing the issuance by the Parish of St. Charles, State of Louisiana of its Taxable Limited Tax Bond, Series 2017, in an amount not to exceed Eight Million Dollars ($8,000,000), prescribing the form, terms and conditions of said Bond; providing for the payment thereof; entering into certain other covenants and agreements in connection with the security and payment of said Bond; selling said Bond to the Clean Water State Revolving Fund; authorizing the execution of a Loan and Pledge Agreement and other loan documents with the Louisiana Department of Environmental Quality; providing for the delivery of the Bond to said Department; and providing for other matters in connection therewith.
Body
WHEREAS, the St. Charles Parish Council (the "Governing Authority"), acting as the governing authority for the Parish of St. Charles, State of Louisiana (the "Issuer") currently levies and collects on a 1.11 mills of a special two and two-tenths (2.20) mills tax authorized at an election held on May 2, 2015 (such rate being subject to adjustment from time to time due to reassessment), which the Issuer is authorized to impose and collect in the years 2015 through 2044 (the "Tax"), and limited to the extent such levy would cause the combined millage levied to pay debt service on the Issuer's General Obligation Refunding Bonds, Series 2012, and the millage from the Tax, to total more than 2.20 mills in such year, adjusted as provided in the Louisiana Constitution, pursuant to the following proposition:
MILLAGE PROPOSITION
Shall the Parish of St. Charles, State of Louisiana (the "Parish") levy a special tax of two and two-tenths (2.20) mills (the "Tax") on all property subject to taxation in the Parish (an estimated $2,640,000 reasonably expected at this time to be collected from the levy of the tax for an entire year), for a period of 30 years, beginning with...