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 at the earliest period allowed by law, authorizing the issuance of notes in the amount of not to exceed $4,900,000 in anticipation of the issuance of bonds to pay costs of improving Bunts Road, Lake Road, Clifton Road and other streets located within the city, between certain termini, by resurfacing and replacing concrete, together with all necessary appurtenances thereto; and approving related matters. source
Authorizes the City to issue up to $4,900,000 in notes, in anticipation of bonds, to pay for resurfacing and concrete replacement on Bunts Road, Lake Road, Clifton Road and other streets. The notes may be combined with other City notes into one issue, may not carry interest above 6.00% a year, and are to be sold to KeyBanc Capital Markets Inc. or another purchaser named by the Director of Finance. pdf Written by AI from the legislation PDF
Authorizes the City to issue up to $4,900,000 in notes, in anticipation of bonds, to pay for resurfacing and concrete replacement on Bunts Road, Lake Road, Clifton Road and other streets. The notes may be combined with other City notes into one issue, may not carry interest above 6.00% a year, and are to be sold to KeyBanc Capital Markets Inc. or another purchaser named by the Director of Finance. pdf Written by AI from the legislation PDF