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Plain City schedules first readings of ordinances to authorize unvoted general obligation notes for municipal projects
Summary
Council introduced first readings of ordinances authorizing unvoted general obligation notes in aggregate maximum amounts of $1,425,000; $1,550,000; and $1,000,000 for various municipal projects and park improvements; the notes renew in September per staff.
Plain City Council introduced first readings of multiple ordinances authorizing unvoted general obligation notes to finance municipal projects.
Village Administrator Miss Lupton explained these are routine annual finance items that permit the village to use unvoted notes for selected projects rather than drawing down the general bond balance; staff noted the note renewal occurs in September. On the record, the council introduced Ordinance 31-2025 (maximum aggregate principal $1,425,000), Ordinance 32-2025 (maximum principal $1,550,000) intended for municipal park system improvements and acquisition of real estate for open gathering places and parking, and Ordinance 33-2025 (maximum principal $1,000,000) for acquiring real estate for municipal purposes.
Council did not waive the second readings; members were informed the items will return for subsequent readings as required by procedure. No final bond issuance occurred at the meeting; the ordinances were presented for first reading with statutory steps to follow.
The council also confirmed timing of the next meeting to schedule required readings and noted no immediate financial appropriation action was taken during the meeting.
