Meeting Time: January 03, 2022 at 6:45pm EST
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Agenda Item

7. ORDINANCE 59-2021 – AN ORDINANCE to take effect immediately provided it receives the affirmative vote of at least two thirds of the members of Council, or otherwise to take effect and be in force after the earliest period allowed by law, authorizing the issuance of special obligation income tax revenue noted in the amount of not to exceed $9,275,000 in anticipation of the issuance of bonds to pay the 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, (IV) improving sidewalks within the City, (V) improving Detroit road, Hilliard road and other roads and streets located within the City, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto, (VI) replacing or improving the roof of the public works garage and other public buildings, together with all necessary appurtenances thereto, (VII) designing, engineering, and constructing water improvements, together with all necessary appurtenances thereto, (VIII) improving sidewalks within the city, (IX) improving heating, ventilation and air conditioning systems in various city facilities including the municipal utilities garage, wastewater treatment plant, women’s club pavilion, and city hall; 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. (1st read and referred to Finance 12/20/21)