St. Charles Parish - File #: 2021-0292

• File #: 2021-0292
• Version: 4
• Name: Issuance and sale of not exceeding Fifty Million Dollars ($50,000,000) of Hurricane Recovery Revenue Notes of the Parish of St. Charles, State of Louisiana; and providing for other matters in connection therewith
• Type: Ordinance
• Status: Enacted
• File created: 11/15/2021
• In control: Parish Council
• On agenda: 1/10/2022
• Final action: 1/10/2022
• Enactment #: 22-1-1
• Title: An ordinance authorizing the issuance and sale of not exceeding Twenty Million Dollars ($20,000,000) of Hurricane Recovery Revenue Notes of the Parish of St. Charles, State of Louisiana; and providing for other matters in connection therewith.
• Sponsors: Matthew Jewell, Bond Counsel
• Indexes: Bonds, Em. Prep. (Dept. of) (2021 Hurricanes - Ida), Finance (Dept. of)
• Related files: 2021-0249

Date	Ver.	Action By	Action	Result
1/11/2022	4	Parish President	Approved by the Par. Pres.
1/10/2022	3	Parish Council	Amended	Pass
1/10/2022	3	Parish Council	Amended
1/10/2022	4	Parish Council	Public Hearing Requirements Satisfied
1/10/2022	4	Parish Council	Approved as Amended	Pass
12/20/2021	3	Parish Council	Publish/Scheduled for Public Hearing
12/20/2021	3	Parish President	Introduced
12/6/2021	2	Parish Council	Public Hearing Requirements Satisfied
12/6/2021	2	Parish Council	Postponed Indefinitely	Pass
12/6/2021	2	Parish Council	Postponed Indefinitely
11/15/2021	2	Parish Council	Publish/Scheduled for Public Hearing
11/15/2021	1	Parish President	Introduced

2021-0292
INTRODUCED BY: MATTHEW JEWELL, PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO. ___________
Title
An ordinance authorizing the issuance and sale of not exceeding Twenty Million Dollars ($20,000,000) of Hurricane Recovery Revenue Notes of the Parish of St. Charles, State of Louisiana; and providing for other matters in connection therewith.
Body
WHEREAS, the Parish of St. Charles, State of Louisiana (the "Issuer") desires to incur debt and issue Twenty Million Dollars ($20,000,000) of Hurricane Recovery Revenue Notes (the "Notes"), in the manner authorized and provided by Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended, and other constitutional and statutory authority (the "Act"), for the purpose of (i) paying any costs associated with debris removal or the demolition, rehabilitation, repair, reconstruction, renovation, restoration and improvement of the Issuer's facilities resulting from or related to Hurricane Ida, including purchasing any furnishings, fixtures and equipment incidental or necessary in connection therewith, and (ii) paying the costs of issuance of the Notes; and,
WHEREAS, the Notes shall be secured by and payable from a pledge of all funds or revenues received or to be received by the Issuer to the extent legally available for the payment of debt service on the Notes, provided that no such funds or revenues shall be so included which have been or are in the future legally dedicated and required for purposes inconsistent therewith by the electorate, by the terms of specific grants, by the terms of particular obligations issued or to be issued or by operation of law (such amount being the "Available Funds of the Issuer"); and,
WHEREAS, it is expressly provided that the full faith and credit of the Issuer shall not be pledged, and there shall be no obligation on the Issuer to levy or increase taxes or other sources of revenue in order to pay debt service on the Notes or to transfer any fu...