City of Columbus - File #: 0745-2004

• File #: 0745-2004
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 4/8/2004
• In control: Finance & Economic Development Committee
• On agenda: 4/19/2004
• Final action: 4/21/2004
• Title: An ordinance providing for the issuance and sale of not to exceed $35,000,000 tax increment financing bonds of the City of Columbus, Ohio (the "Issuer"), in two or more series (collectively, the "Bonds"), for the purpose of providing (i) a portion of the funds necessary to refund the Issuer's Adjustable Rate Tax Increment Financing Bonds (Lyra/Gemini/Polaris Project) (the "2001 Bonds"), and (ii) funds to pay the costs of certain Public Improvements; authorizing a Trust Agreement to secure the Bonds hereafter authorized; authorizing Bond Purchase Contracts and Official Statements appropriate for the offering and sale of the Bonds; authorizing the acquisition of municipal bond insurance, letters of credit, and other credit facilities to secure the Bonds or portions of the Bonds; and providing for the redemption of the 2001 Bonds. ($35,000,000) Section 55(B) of the City Charter.

Date	Ver.	Action By	Action	Result
4/21/2004	1	CITY CLERK	Attest
4/20/2004	1	MAYOR	Signed
4/19/2004	1	Columbus City Council	Waive the 2nd Reading	Pass
4/19/2004	1	Columbus City Council	Approved	Pass
4/19/2004	1	COUNCIL PRESIDENT	Signed
4/9/2004	1	Finance Drafter	Sent for Approval
4/9/2004	1	Auditor Reviewer	Contingent Within
4/9/2004	1	CITY AUDITOR	Reviewed and Approved
4/9/2004	1	Finance Drafter	Sent for Approval
4/9/2004	1	CITY ATTORNEY	Reviewed and Approved
4/9/2004	1	Finance Drafter	Sent to Clerk's Office for Council
4/9/2004	1	City Clerk's Office	Sent back for Clarification/Correction
4/9/2004	1	Finance Drafter	Sent to Clerk's Office for Council
4/8/2004	1	Finance Drafter	Sent for Approval
4/8/2004	1	FINANCE DIRECTOR	Reviewed and Approved

Explanation

An ordinance providing for the issuance and sale of not to exceed $35,000,000 tax increment financing bonds of the City of Columbus, Ohio (the "Issuer"), in two or more series (collectively, the "Bonds"), for the purpose of providing (i) a portion of the funds necessary to refund the Issuer's Adjustable Rate Tax Increment Financing Bonds (Lyra/Gemini/Polaris Project) (the "2001 Bonds"), and (ii) funds to pay the costs of certain Public Improvements; authorizing a Trust Agreement to secure the Bonds hereafter authorized; authorizing Bond Purchase Contracts and Official Statements appropriate for the offering and sale of the Bonds; authorizing the acquisition of municipal bond insurance, letters of credit, and other credit facilities to secure the Bonds or portions of the Bonds; and providing for the redemption of the 2001 Bonds. ($35,000,000)




Title

An ordinance providing for the issuance and sale of not to exceed $35,000,000 tax increment financing bonds of the City of Columbus, Ohio (the "Issuer"), in two or more series (collectively, the "Bonds"), for the purpose of providing (i) a portion of the funds necessary to refund the Issuer's Adjustable Rate Tax Increment Financing Bonds (Lyra/Gemini/Polaris Project) (the "2001 Bonds"), and (ii) funds to pay the costs of certain Public Improvements; authorizing a Trust Agreement to secure the Bonds hereafter authorized; authorizing Bond Purchase Contracts and Official Statements appropriate for the offering and sale of the Bonds; authorizing the acquisition of municipal bond insurance, letters of credit, and other credit facilities to secure the Bonds or portions of the Bonds; and providing for the redemption of the 2001 Bonds. ($35,000,000)

Section 55(B) of the City Charter.


Body


WHEREAS, pursuant to Section 5709.40, Ohio Revised Code, and Ordinance No. 3106-96 of this Council (the "Legislative Authority"), duly enacted on December 16, 1996 (the "Original TIF Ordinance"), as ...