St. Charles Parish - File #: 2015-0018

• File #: 2015-0018
• Version: 2
• Name: Issuance of Water Revenue Refunding Bonds, Series 2015 of Consolidated Waterworks and Wastewater District No. 1 for the purpose of refinancing outstanding debt of the District
• Type: Ordinance
• Status: Enacted
• File created: 1/26/2015
• In control: Parish Council
• On agenda: 2/9/2015
• Final action: 2/9/2015
• Enactment #: 15-2-1
• Title: An ordinance authorizing the issuance of $22,170,000 Water Revenue Refunding Bonds, Series 2015 of Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana (the "District"), for the purpose of refinancing outstanding debt of the District; prescribing the form, terms and conditions of said Bonds; designating the date, denomination and place of payment of said Bonds; providing for the payment thereof in principal and interest; confirming the sale and delivery of the Bonds to the Underwriter; and providing for other matters in connection therewith.
• Sponsors: V.J. St. Pierre Jr., Bond Counsel
• Indexes: Bonds, Sewerage (Dept. of), Waterworks (Dept. of)

Date	Ver.	Action By	Action	Result
2/10/2015	2	Parish President	Approved by the Par. Pres.
2/9/2015	1	Parish Council	Amended	Pass
2/9/2015	2	Parish Council	Public Hearing Requirements Satisfied
2/9/2015	2	Parish Council	Approved as Amended 1	Pass
1/26/2015	1	Parish Council	Publish/Scheduled for Public Hearing
1/26/2015	1	Parish President	Introduced

2015-0018
INTRODUCED BY: V.J. ST. PIERRE, JR., PARISH PRESIDENT
(BOND COUNSEL)
ORDINANCE NO. 15-2-1
title
An ordinance authorizing the issuance of $22,170,000 Water Revenue Refunding Bonds, Series 2015 of Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana (the "District"), for the purpose of refinancing outstanding debt of the District; prescribing the form, terms and conditions of said Bonds; designating the date, denomination and place of payment of said Bonds; providing for the payment thereof in principal and interest; confirming the sale and delivery of the Bonds to the Underwriter; and providing for other matters in connection therewith.
body
WHEREAS, Consolidated Waterworks and Wastewater District No. 1 of the Parish of St. Charles, Louisiana (the "Issuer") now owns and operates a utilities system as a single revenue producing public utility, consisting of the combined waterworks plants and systems (collectively, the "System"); and
WHEREAS, the Issuer has heretofore issued $23,975,000 aggregate principal amount of Water Revenue Bonds, Series 2007A, dated January 30, 2007 (the "2007A Bonds"), which bonds are payable by an irrevocable pledge and dedication from the income and revenues derived or to be derived from the operation of the Issuer's combined waterworks plants and systems as a single revenue producing public utility (the "System"), after provisions have been made for payment therefrom of the reasonable expenses of administration, operation and maintenance of the System, pursuant to the provisions of the constitution and statutes of the State of Louisiana; and
WHEREAS, the Issuer has found and determined that the refunding all of the outstanding maturities of the 2007A Bonds (the "Refunded Bonds"), as more fully described in Exhibit A, would be financially advantageous to the Issuer; and
WHEREAS, pursuant to Chapter 14-A of Title 39 of the Louisiana Revised Statutes of 1950, as amend...