Gahanna — The City Council on Dec. 1 read Ordinance 53-2025, which would authorize the issuance and sale of economic development improvement and refunding revenue bonds (Series 2025) for the Columbus Academy project in an aggregate principal amount not to exceed $15,000,000. The ordinance also authorizes related documents, including a loan agreement, bond purchase agreement and tax exemption certificate, and declares an emergency.

The reading was for introduction and first reading only; council scheduled the ordinance for second reading and adoption on the Dec. 15 agenda. No substantive debate or public comment on the bond ordinance was recorded during the meeting.

What’s next: Ordinance 53-2025 returns for second reading and possible adoption Dec. 15, 2025; if adopted, the administration will proceed with the required financing documents and execution steps.