St. Charles Parish - File #: 2002-0283

• File #: 2002-0283
• Version: 2
• Name: authorizing the issuance of Taxable Revenue Bonds (Randa Properties LLC Project) Series 2002
• Type: Ordinance
• Status: Enacted
• File created: 7/22/2002
• In control: Parish Council
• Final action: 8/5/2002
• Enactment date: 8/5/2002
• Enactment #: 02-8-1
• Title: An ordinance authorizing the issuance of not exceeding Eight Million Dollars ($8,000,000) of the Parish of St. Charles, State of Louisiana Taxable Revenue Bonds (Randa Properties LLC Project) Series 2002; approving the form and authorizing the execution and delivery of a Lease Agreement and a Trust Indenture to secure the Bonds; acknowledging and accepting the benefits of a Letter of Credit and a Guaranty Agreement; authorizing the appropriate officer of said Parish to execute the aforementioned instruments and all other documents and certificates deemed necessary in connection therewith; applying to the State Bond Commission and Secretary of Economic Development for approval of the issuance of said Bonds; authorizing the publication of a Notice of Intention to Sell Bonds; authorizing the distribution of a Preliminary Official Statement and/or an Official Statement relating to said Bonds; and providing for other matters with respect to the foregoing.
• Sponsors: Albert D. Laque, Department of Economic Development and Tourism
• Indexes: Economic Dev. and Tourism (Dept. of) (Randa Corp.)
• Related files: 2002-0269, 2002-0471, 2002-0222, 2002-0255, 2002-0297, 2002-0329

Date	Ver.	Action By	Action	Result
8/9/2002	2	Parish President	Approved by the Par. Pres.
8/5/2002	1	Parish Council	Amended	Pass
8/5/2002	2	Parish Council	Public Hearing Requirements Satisfied
8/5/2002	2	Parish Council	Approved as Amended	Pass
7/22/2002	1	Parish President	Introduced
7/22/2002	1	Parish Council	Publish/Scheduled for Public Hearing

2002-0283
INTRODUCED BY: ALBERT D. LAQUE, PARISH PRESIDENT
(DEPT. OF ECONOMIC DEVELOPMENT & TOURISM)
ORDINANCE NO. 02-
Title
An ordinance authorizing the issuance of not exceeding Eight Million Dollars ($8,000,000) of the Parish of St. Charles, State of Louisiana Taxable Revenue Bonds (Randa Properties LLC Project) Series 2002; approving the form and authorizing the execution and delivery of a Lease Agreement and a Trust Indenture to secure the Bonds; acknowledging and accepting the benefits of a Letter of Credit and a Guaranty Agreement; authorizing the appropriate officer of said Parish to execute the aforementioned instruments and all other documents and certificates deemed necessary in connection therewith; applying to the State Bond Commission and Secretary of Economic Development for approval of the issuance of said Bonds; authorizing the publication of a Notice of Intention to Sell Bonds; authorizing the distribution of a Preliminary Official Statement and/or an Official Statement relating to said Bonds; and providing for other matters with respect to the foregoing.
Body
WHEREAS, the Parish of St. Charles, State of Louisiana (the "Issuer"), is authorized and empowered under the laws of the State of Louisiana, including particularly Part XII of Chapter 4 of Subtitle II of Title 39, Sections 991 through 1001, inclusive, and/or Section 1430 of Title 39 of the Louisiana Revised Statutes of 1950, as amended (independently and collectively, as appropriate, the "Act") to issue revenue bonds to further its purposes of promoting and encouraging industrial and commercial redevelopment, and to stimulate the economy of the Lessor through renewed commerce and industry; and

WHEREAS, pursuant to and in accordance with the provisions of the Act and a Lease Agreement to be dated as of September 1, 2002 (the "Lease Agreement"), by and between the Issuer and Randa Properties LLC, a limited liability company (the "Company"), the Issuer will finance th...