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Akron‑Summit Public Library gets county approval for up to $160 million in bonds to renovate branches
Summary
Council adopted a resolution enabling the Akron‑Summit Public Library District to issue up to $160 million in bonds to renovate branch libraries and improve the main library; board officials detailed phased bond sales, branch closures for roof work and public town halls to maintain services.
Summit County Council adopted a resolution authorizing the issuance and sale of up to $160,000,000 in bonds for the Akron‑Summit Public Library District to rebuild and renovate library facilities across the district.
John Froel, president of the library board, told council the board plans to issue bonds in four tranches rather than all at once to capture investment earnings (he cited roughly…
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