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Council authorizes up to $6.55 million in notes to retire 2025 bond anticipation notes
Summary
Ordinance No. 44-26 was adopted authorizing issuance and sale of notes in anticipation of bonds in a principal amount not to exceed $6,550,000 for the purpose of retiring outstanding bond anticipation notes issued in 2025; adopted as an emergency, vote 7-0.
Council adopted Ordinance No. 44-26 on April 27, 2026, authorizing the issuance and sale of notes in anticipation of bonds in a principal amount not to exceed $6,550,000 to retire outstanding bond anticipation notes issued in 2025. The Clerk read the ordinance by title and council suspended rules to act that evening; the adoption vote was recorded as unanimous.
The ordinance is a financing measure to refinance or retire previously issued bond anticipation notes from 2025. City administration and finance staff will carry out the mechanics of issuance and refinancing as permitted under Ohio law; the minutes do not include underwriting or timing details.
