Agenda Item
11. ORDINANCE 46-2020 - Authorizing the issuance of special obligation income tax revenue notes in the amount of not to exceed $2,810,000 in anticipation of the issuance of bonds to pay costs of (i) designing, engineering, permitting and constructing a new outfall, stone revetment and rehabilitating the existing sewers, together with all necessary appurtenances thereto, (ii) improving and reconstructing the city's recycling facility, (iii) improving the city’s jail and (iv) improving sidewalks within the city; and retiring notes previously issued for such purpose; approving related matters 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; 2nd reading 1/4/21)