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Council approves bonds to retire roof-repair notes; administration to shop rates
Summary
Parma City Council approved two bond ordinances that will convert short-term notes taken last year for roof replacements into bonds (not to exceed $1.56 million) and authorize refunding bonds (not to exceed $1.6 million) to refund a portion of outstanding 2016 general obligation bonds.
Parma City Council on June 16 approved ordinances authorizing the issuance of bonds to retire short-term notes taken for building roof replacements and to refund a portion of outstanding general obligation debt.
The first ordinance authorizes up to $1,560,000 of bonds to retire notes issued for roof work at the service garage, Justice Center, Senior Center and other public buildings. The second ordinance authorizes up to $1,600,000 to currently…
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