7. ORDINANCE 42-2020 - Authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $4,000,000 in anticipation of the issuance of bonds; to pay costs of designing, engineering and constructing water improvements, together with all necessary appurtenances thereto; providing for the pledge of revenues from the city’s 1.50% income tax to secure the payment of the principal of and interest on the notes in anticipation of bonds; and approving related matters; and declaring an emergency (Placed on 1st reading and referred to Finance 12/21/20) (pg. 129)