Explanation
This ordinance authorizes the issuance of unlimited tax bonds in an amount not to exceed $32,545,000.00 for health, safety and infrastructure-related projects. The bond sale will be conducted on a negotiated basis. This ordinance also appropriates and expends $4,000,000.00 from the Special Income Tax Fund (Fund 4430) for costs of issuance related to the bond sale.
Title
Authorizing the issuance of unlimited tax bonds in an amount not to exceed $32,545,000.00 for health, safety and infrastructure-related projects; to authorize the appropriation and expenditure of $4,000,000.00 from the Special Income Tax Fund for costs of issuance; and to declare an emergency ($36,545,000.00).
Section 44-1(b) of the City Charter.
Body
See attached file: City of Columbus - 2023 New Money Bonds - Unlimited Tax Pub. Safety, Health Ordinance.pdf