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Avon council OKs up to $3 million in notes to fund SR-254 and SR-83 improvements
Summary
Council adopted Ordinance No. 43-26 authorizing issuance and sale of notes in anticipation of bonds in a principal amount not to exceed $3,000,000 to pay costs of improvements to State Routes 254 and 83; measure adopted as an emergency, vote 7-0.
Council adopted Ordinance No. 43-26 to provide for the issuance and sale of notes in anticipation of bonds in a principal amount not to exceed $3,000,000 to pay additional costs of constructing and otherwise improving State Routes 254 and 83 within the city. The Clerk read the ordinance by title and council suspended the rules to act as an emergency measure; the adoption vote was unanimous.
The ordinance describes the scope as construction, reconstruction, widening, grading, draining, paving and related appurtenances on the specified state routes. The emergency adoption signals the city's intent to move forward with financing; details about project phasing, contract awards or timelines were not included in the meeting minutes and will be handled by the administration and engineering staff.
