RESOLUTION NO. R-04-2010
A RESOLUTION OF THE
WHEREAS, public agencies in the State have experienced and are continuing to experience difficulty in economically funding or financing various governmental purposes at reasonable costs;
WHEREAS, public agencies will enter into or have heretofore entered into an Interlocal Cooperation Agreement dated as of May 1, 2010 attached hereto as Exhibit A (the "Agreement"), as authorized under Sections 65.210 through Section 65.300, inclusive, of the Kentucky Revised Statutes, as amended (the "Interlocal Cooperation Act"), which authorizes public agencies to cooperate and act jointly in exercising any and all powers, privileges and authority capable of exercise by such public agencies in their respective individual capacities; and
WHEREAS, in order to provide a vehicle for economically funding or financing various governmental purposes of public agencies in the Commonwealth of Kentucky, the Kentucky League of Cities Interlocal Finance Program (the "Program") has been or will be established under the Agreement and under the Program the Kentucky Bond Corporation (the "Corporation") has been or will be established;
WHEREAS, the Program will benefit the public health, safety and general welfare of the citizens of the City of Fort Thomas (the "Public Agency"); and
WHEREAS, in order for the Public Agency to participate in the Program, it must enter into the Agreement, as prescribed by Section 65.250 of the Kentucky Revised Statutes, which provided for the creation of the Program;
NOW, THEREFORE,
be it Resolved by the City Council of the City of
Section 1. Purpose. The Public Agency hereby finds, determines and declares that all statements of fact set forth in the preambles to this Resolution are true and correct in all respects, and such preambles are incorporated into the body of this Resolution by reference as if set forth at length herein. The Public Agency further finds, determines and declares that the entering into or issuance by the Corporation of obligations described in the Agreement will be in the best interest of the Public Agency and is in the furtherance of the public purposes and functions of the Public Agency and in the public interest.
Section 2. Approval of Interlocal Cooperation Agreement. The Agreement among this Public Agency and the other public agencies that will enter into or have entered into the Agreement is hereby specifically approved in the form attached hereto as Exhibit A, recognizing that such Agreement has been or will be approved by the Attorney General of Kentucky as required by Section 65.260 of the Kentucky Revised Statutes.
Section 3. Repeal of Conflicting Actions. All ordinances, resolutions, orders or other legislative or administrative actions or parts thereof of this City Council in conflict with the provisions of this Resolution are, to the extent of such conflict, hereby repealed.
Section 4. Effective Date of Resolution. This Resolution shall become effective immediately upon the date of its passage.
ENACTED
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Mary H.
Brown, Mayor |
Attest:
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Melissa K. Kelly, City Clerk |
CERTIFICATION
I, the undersigned, do hereby certify that I am the duly qualified and acting City Clerk of the City of Fort Thomas and as such City Clerk, I further certify that the foregoing is a true, correct and complete copy of a Resolution as appears to me in City of Fort Thomas records, duly adopted by said City Council at a duly convened meeting held on the date set forth therein, signed by the Mayor, duly filed, recorded and indexed in my office and now in force and effect, and that all action taken in connection with such Resolution was in compliance with the requirements of Kentucky law, all as appears from the official records of said City Council in my possession and under my control.
IN WITNESS WHEREOF, I have hereunto set my hand this 7th day of June, 2010.
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Melissa K. Kelly, City
Clerk |
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