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File #: O-482-21    Version: 1 Name:
Type: Ordinance Status: Second Reading
File created: 8/30/2021 In control: Finance Department
On agenda: 9/28/2021 Final action: 9/28/2021
Title: Providing for the issuance and sale of notes in an aggregate principal amount not to exceed $8,300,000, in anticipation of the issuance of bonds, to provide funds to pay costs of improving the City's street system, in cooperation with the Department of Transportation of the State of Ohio and otherwise, by improving certain designated 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 improving certain designated 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 embankmen...
Attachments: 1. Fiscal Officer's Certificate, 2. Audio: Agenda Review 9/7/2021, 3. Audio: Agenda Review 9/21/2021, 4. Audio: City Council 9/28/2021
Label
GONotesStreets&Bridges
Finance
Melanie Campbell (x1252) Bryan Benner (x1194) Jamie Takacs (x1468)
Revised

Title
Providing for the issuance and sale of notes in an aggregate principal amount not to exceed $8,300,000, in anticipation of the issuance of bonds, to provide funds to pay costs of improving the City's street system, in cooperation with the Department of Transportation of the State of Ohio and otherwise, by improving certain designated 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 improving certain designated 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 together with the necessary appurtenances and work incidental thereto, and acquiring real estate and interests in real estate in connection therewith; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This is one of two of ordinances that authorize the issuance of general obligation bond anticipation notes the City plans to sell in Fall 2021.
This ordinance authorizes the sale of up to $8,300,000 of general obligation bond anticipation notes to provide approved debt funding ...

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