Label
GOBondsStreets&Bridges2025
Finance
Melanie Campbell x1252/Jamie Takacs x1468
Revised
Title
Providing for the issuance and sale of bonds in the maximum principal amount of $18,645,000 for the purpose of paying costs of improving the City's street system, in cooperation with the Department of Transportation of the State of Ohio and otherwise, by (i) improving streets by constructing, reconstructing and rehabilitating the pavement base, bridges, curbs, drainage improvements, driveway approaches, pedestrian ramps, bicycle paths and sidewalks, widening, realigning, adjusting radius cutbacks, manholes and catch basins, preparing the surface and surfacing and resurfacing, and installing traffic signs, signals and signalization, where necessary, and (ii) improving bridges by constructing, reconstructing, replacing, rehabilitating, restoring and widening bridge decks, supporting piers, abutments, arches, beams, columns and other structural steel components and bridge bearing systems and related embankments and drainage facilities, restoring and installing expansion joints, bridge railings and traffic barrier railings and constructing, reconstructing and rehabilitating the pavement base, curbs, drainage improvements, driveway approaches, bicycle paths and sidewalks and surfacing and resurfacing the roadway on those bridges and approaches to those bridges, where necessary, in each case as designated in the plans approved or to be approved by Council; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This is one of a series of ordinances that authorize the issuance of general obligation bonds the City plans to issue prior to November 2025.
This Ordinance authorizes the issuance and sale of bonds in the maximum principal amount of $18,645,000 to provide approved debt funding for portions of the street and bridge construction, reconstruction, rehabilitation and resurfacing projects included in the City's 2025 Capital Improvement Program. With the issuance...
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