Meeting Time: February 07, 2022 at 7:30pm EST
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Agenda Item

6. ORDINANCE 53-2021 – 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 notes in the amount of not to exceed $2,050,000 in anticipation of the issuance of bonds; to pay the costs of improving parks within the City, including Foster Pool and other park improvements, together with all necessary appurtenances thereto; providing for the pledge of revenue from the City’s 1.50% income tax to secure the payment of the principal of and the interest on the notes in anticipation of bonds; and approving related matters. (1st read and referred to Finance 12/20/21; 2nd reading 01/03/22)