Explanation
This ordinance will authorize the issuance of unlimited tax bonds in an amount not to exceed $286,620,000 and limited tax bonds in an amount not to exceed $87,980,000 for the purpose of providing funds to refund, either currently or in advance, certain outstanding general obligation bonds of the City
Title
Authorizing the issuance of unlimited tax bonds in an amount not to exceed $286,620,000 and limited tax bonds in an amount not to exceed $87,980,000 for the purpose of providing funds to refund, either currently or in advance, certain outstanding general obligation bonds of the City ($374,600,000)
Section 55(B) of the City Charter.
Body
WHEREAS, pursuant to various ordinances passed by the City Council (the "Council") unlimited tax general obligation bonds of the City of Columbus, Ohio (the "Municipality"), to wit:
Name Dated Outstanding Amount Callable Amount
Various Purpose UT, Series 1992-4 11/01/92 $ 315,000 $ 315,000
Street Lighting and Electricity No. 26 11/01/92 250,000 250,000
Various Purpose UT, Series 1997-2 11/15/97 57,290,000 37,085,000
Various Purpose UT, Series 1998-2 12/15/98 64,595,000 38,500,000
Various Purpose UT, Series 1999-2 12/15/99 82,385,000 41,645,000
Various Purpose UT, Series 2000-1 11/15/00 101,015,000 53,150,000
Various Purpose UT, Series 2001 12/15/01 98,740,000 36,710,000
Various Purpose UT, Series 2002-1 11/15/02 148,950,000 70,190,000
Various Purpose UT, Series 2003A 06/17/03 62,940,000 8,775,000
(the "Outstanding Unlimited Tax Bonds"), and limited tax general obligation bonds of the Municipality, to wit:
Name Dated Outstanding Amount Callable Amount
Various Purpose LT, Series 1992-5 11/01/92 $ 120,000 $ 120,000
Multipurpose Electricity LT, Series 1992-6 11/01/92 160,000 160,000
Various Purpose LT, Series 1995-2 06/15/95 13,295,000 10,650,000
Various Purpose LT, Series 1996-1 12/15/96 15,015,000 12,530,000
Various Purpose LT,...
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