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Council advances two bond ordinances, including $14.8M downtown improvement measure, to third reading
Summary
Council voted to move Ordinance No. 26-041 (up to $8.02M) and Ordinance No. 26-042 (up to $14.844M for downtown improvements) to third reading, allowing further deliberation at a subsequent meeting.
Wadsworth City Council on March 17 voted to advance two ordnances authorizing bond issuance to later readings. Ordinance No. 26-041 would permit the city to issue bonds in a maximum aggregate principal amount of $8,020,000 to pay for various infrastructure projects; Ordinance No. 26-042 would permit issuance of up to $14,844,000 specifically to fund the Downtown Improvement Project.
Both ordinances were sponsored by Council Member Jon Yurchiak and were moved to third reading after motions and votes to advance them. Council recorded an 'all in favor' on the procedural motions to move each ordinance forward; neither ordinance was adopted at the March 17 meeting, meaning formal approval will require further readings and a future vote.
