AGENDA CAPTION:
Title
Consider approval of Ordinance 2020-38, on first and final reading, authorizing the issuance and sale of an amount not to exceed $40,000,000 of Combination Tax And Revenue Certificates Of Obligation, Series 2020 for constructing, improving, designing and equipping the City's (1) water and waste water system; (2) electric utility system; (3) streets including related drainage, sidewalks, traffic improvements and lighting; (4) municipal buildings to include the City Hall and other city facilities, HVAC improvements, roof replacements and security improvements; (5) stormwater management and flood control facilities; (6) airport, including hangars; (7) public safety facilities to include police and fire station improvements and a new ladder truck and engine; (8) network and fiber optic infrastructure equipment; (9) recreational facilities including parks and sports fields; (10) cemetery including land acquisition; (11) animal shelter; (12) parking including land acquisition; and (13) the payment of professional services in connection therewith including legal, fiscal and engineering fees and the costs of issuing the certificates of obligation and other matters related thereto; providing for adoption of this Ordinance on one reading only in accordance with State Law.
Body
Meeting date: May 19, 2020
Department: Finance
Amount & Source of Funding
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Fiscal Note:
Prior Council Action: March 17, 2020 - council provides authorization to publish notice of intent to issue certificates of obligation in the amount not to exceed $50.5M, April 21, 2020 - council provides direction to proceed with debt issuance totaling $33 million. May 5, 2020 - council considers resolution delaying the issuance of CO's until May 19, 2020
City Council Strategic Initiative...
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