2007-0014
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(DEPARTMENT OF ECONOMIC DEVELOPMENT & TOURISM)
RESOLUTION NO.
Title
A resolution authorizing the Parish President to execute a preliminary agreement between the Parish of St. Charles, Louisiana and Renewable Energy Group, Inc. authorizing the issuance of revenue bonds in one or more series to finance certain facilities and providing for other matters in connection with the foregoing.
Body
WHEREAS, it is the desire of the Parish Council of the Parish of St. Charles, Louisiana, as governing authority of the Parish of St. Charles, Louisiana (the "Issuer") to encourage the acquisition, construction and equipping of a bio-diesel production facility within the Parish of St. Charles, Louisiana (the "Parish"), under the authority of Sections 991 through 1001, inclusive of Title 39 of the Louisiana Revised Statutes of 1950, as amended (collectively, the "Act"), and other constitutional and statutory authority supplemental thereto; and,
WHEREAS, Renewable Energy Group, Inc. a ___________ corporation (the “Company”), proposes to finance the acquisition, construction and equipping of a bio-diesel production facility (the “Project”) within the Parish if the Issuer will utilize the aforesaid authority in the manner hereinafter provided; and,
WHEREAS, this Parish Council has concluded that the aforesaid project meets the criteria and guidelines established by the Parish Council, that the acquisition, construction and installation of said project will benefit the welfare and economy of the citizens of the Parish and that it is in the public interest of said citizens to encourage the acquisition, construction and equipping of said facilities; and,
WHEREAS, it is the desire of the Issuer to meet the criteria of the State Bond Commission in order to have the Project placed on the agenda of the State Bond Commission for approval; and,
WHEREAS, the Issuer, at the request of the Company, intends to issue th...
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