Explanation
This ordinance authorizes the issuance of limited tax bonds (federally taxable) in an amount not to exceed $5,164,500 for fiber optics systems 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 limited tax bonds (federally taxable) in an amount not to exceed $5,164,500.00 for fiber optics systems projects ($5,164,500.00) Section 55(B) of the City Charter.
Body
See attached document: City of Columbus - 2013 Bonds - LT Fiber Optics Ordinance (Federally Taxable).pdf