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Akron panel places up to $18 million in short-term notes on consent to fund demolition, facilities, parks and streets
Summary
The Budget & Finance Committee moved four ordinances onto the consent agenda authorizing the issuance of short-term notes totaling up to $18 million for economic development demolition matches, municipal facilities, parks and recreational improvements, and street projects; members raised a question about the disposition of the old Fire Station 12 building.
The City of Akron Budget & Finance Committee on Thursday placed four ordinances on the consent agenda that would authorize the sale of short-term notes totaling up to $18,000,000 to advance multiple capital priorities.
Staff described the first ordinance as a $3,000,000 issuance "for economic development" to fund the local match on state demolition grants that will cover both residential and commercial demolition, said Mister Fricker. The committee placed that ordinance on the consent agenda without discussion.
A second ordinance would authorize up to $5,000,000 in notes for…
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