City of Covington, Kentucky - Industrial Building Revenue Bonds

The City of Covington, Kentucky is authorizing the issuance of up to $75,000,000 in taxable industrial building revenue bonds. These bonds will be used to finance the acquisition, construction, installation, and improvements of an industrial building facility, or facilities, to be leased to CCR-MN Investment Partners LLC. The proceeds will fund a mixed-use commercial and multi-family residential project and related amenities located in Covington, Kentucky. The bonds are issued under Chapter 103 of the Kentucky Revised Statutes and will be retired from lease payments made by CCR-MN Investment Partners LLC. The bonds do not represent an indebtedness of the City, the Commonwealth of Kentucky, or any political subdivision thereof. The Order also authorizes the execution of various financing documents, including a Lease Agreement and a Bond Purchase Agreement.