Explanation
BACKGROUND: This legislation resolves that it is a necessity for the City to submit to the electors the question of issuing $250,000,000 in bonds for recreation and parks. The election will be held on November 4, 2025. This resolution authorizes the City to present this legislation to the Franklin County Auditor's office so they may calculate millage amounts associated with the 2025 Voted Bond Package.
FISCAL IMPACT: No impact.
EMERGENCY DESIGNATION: This legislation is considered an emergency in order to comply with the required filing deadlines with the Franklin County Auditor's office and the Franklin County Board of Elections to meet the election filing deadline.
Title
To declare the necessity of bond issue, and to submit the question of such issue to the electors in amount of $250,000,000 for recreation and parks; and to declare an emergency ($250,000,000).
Section 44-1(e) of the City Charter
Body
WHEREAS, an emergency exists in the usual daily operations of the Department of Recreation and Parks in that it is immediately necessary to adopt this resolution so that the City of Columbus, Ohio, (the “City”) can meet the August 6, 2025 deadline for filing election proceedings with the Board of Elections, Franklin County, Ohio and so that the work on the proposed projects to be financed can commence as soon as possible, all for the immediate preservation of the public peace, property, health or safety;
NOW, THEREFORE, BE IT RESOLVED by the City Council (the “Council”) of the City, that:
Section 1. It is hereby determined to be necessary for the purpose of acquiring, constructing, renovating, and improving infrastructure for the Department of Recreation and Parks, including municipal parks, playgrounds and recreation facilities, acquiring real estate and interests in real estate, landscaping and otherwise improving the sites thereof, and acquiring furnishings, equipment and appurtenances, to issue and sell Two Hundred Fifty Million...
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