Explanation
This ordinance authorizes the issuance of unlimited tax bonds in an amount not to exceed $35,620,000 for water system projects. The bond sale will be conducted on a negotiated basis with Bank of America Merrill Lynch as senior managers and Fifth Third Securities, Inc. and Stifel Nicolaus & Company, Inc as co-senior managers.
Title
To authorize the issuance of unlimited tax bonds in an amount not to exceed $35,620,000.00 for water system projects ($35,620,000.00) Section 55(B) of the City Charter.
Explanation
See attached document: City of Columbus - 2013 Bonds - UT Water Ordinance (4).pdf